Macri vetoes Argentina utilities freeze
Argentina The bill, approved by Congress after 12 hours of debate during a special session, was an attempt to quell unrest and provide relief to residences that have seen utilities rates rapidly increase since early 2016.
President Macri rejected the bill on the grounds that it is not within Congress’ constitutional mandate to set tariffs. He also said it would require funding of about USD 4 billion, the source of which was not specified by his opponents on the matter.
“I would love to wave a magic wand and have the silver appear, but that’s not the case,” President Macri said. “Argentines have to assume the true value of energy and consume less.”
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