Planning Minister Julio de Vido today warned that the national government will slash subsidies to provinces which raise electricity rates, after a hike announced yesterday by Buenos Aires and Salta provinces.
“The national government will deduct subsidies granted for the generation of electricity in the same proportion,” De Vido warned from Caracas, where he is in an official visit.
“Those autonomous provinces deciding to change their electricity policies will be subjected to the State’s national legal authority over this subsidies,” he added.
In a written statement, De Vido remarked it constituted a matter “of justice and equality.”
“If we don’t deduct the subsidies, we will be discriminating those provinces supporting the national policies of inclusion and competitiveness,” De Vido explained.
buenosairesherald.com