Javier Mli | DNU | Deregulation of the economy in Argentina: the President canceled 300 regulations to regulate the economy by decree | Hyperinflation | Economic crisis Latest | the world

President of ArgentinaLibertarian Javier MileyIt ordered on Wednesday to regulate the economy through an order that would modify or repeal more than 300 regulations, including rent and supply laws and the labor regime.

“These reforms, I have mentioned only 30 out of more than 300, which were contemplated in the decree.Miley announced in a speech broadcast on radio and television.

Check it out here: Argentina after the Miley ‘shock’: what scenarios can happen after applying economic measures?

“Its aim is to start the country’s path of reconstructionReturn freedom and autonomy to individuals and begin removing the enormous amount of restrictions that have stifled, hindered and hindered economic growth in our country.” he added.

Regulations preventing privatization of state-owned enterprises such as oil companies were repealed. YPF oh Argentina Airlines.

The private healthcare system will also be reformed.

A change in corporate law is being contemplated so that football clubs become public limited companies, and satellite internet services are deregulated to allow companies to enter. Starlinkof Elon Munsk.

More information: Argentina: The first social protest against Miley ends with a lackluster call and no major incidents

To be effective, this order must be published Official announcement. It will then be taken to Congress for bicameral scrutiny.

It becomes invalid only if rejected by House of Representatives And to him SenateThe constitutional lawyer explained to AFP Emiliano Vitaliani.

Mili’s far-right party, Freedom developmentsIt holds only 40 of the 257 seats in the House of Representatives and seven of the 72 seats in the Senate.