The expense in retirement and disability that Milei wants to veto is very

Photo: Red approach, mobilization in front of the National Congress

“Everyone knows what I’m going to do, let’s veto. And if the veto falls we will be prosecuted,” were the words of Javier Milei a few hours after the Senate The Extension of retirement moratorium, an increase in the bond of retirement assets and the emergency in disability on a day marked by a hard defeat for the national government.

His statements did not surprise anyone. Besides that he had already announced it, the official policy so far is the veto. He did so when the previous increase in retirement assets (very modest just like this) was sanctioned, in September of last year and in the case of the University Financing Law in October also last year.

It seems that the government is heading to do the same, although this time with a more uncertain future since today its link with the governors (which allowed it to reach the numbers to veto the previous times) does not go through a good moment.

How much expense do the laws that Milei want to veto?

The Congress Budget Office elaborated two information in which the expense that would imply for the State what was voted on both the pension and in disability is measured. Let’s look at the main data.

Pension moratorium

If the value of the bonus that reinforces the minimum assets rose from $ 70,000 per month to $ 105,000 from June, the fiscal cost would be $ 1,164,172 million (0.14% of GDP), with an annualized cost of $ 1,992,853 million (0.23% of GDP).

Source: Congress Budget Office

About him Expenditure on non -contributory pensionsare projected two possible scenarios. one of base and another potential for demand expansion, which imply an increase of between 493 thousand and 946 thousand new beneficiaries respectively. This represents an estimated fiscal impact of between 0.22 % and 0.42 % of GDP, depending on the scenario considered.

Source: Congress Budget Office