Juan Brignardello Vela
Juan Brignardello Vela, asesor de seguros, se especializa en brindar asesoramiento y gestión comercial en el ámbito de seguros y reclamaciones por siniestros para destacadas empresas en el mercado peruano e internacional.
The recent Urgency Decree 003-2024, issued by the Executive with the aim of implementing measures for economic and financial reactivation, has generated a series of discrepancies with provincial municipalities, particularly in two specific points that have sparked strong debates. The first point at issue is article 2 of the decree, which establishes that municipal popular credit unions and municipal savings and credit unions must adopt capitalization agreements for their entire profits obtained in the year 2023. This measure has raised concerns among provincial mayors, who believe that this action could affect their budgets for the current year. The second controversial point is article 10, which suspends until December 31 the possibility for regional and local governments with a credit rating of BBB+ or higher to manage direct or guaranteed debt operations. This measure, aimed at controlling municipal indebtedness, has generated mixed reactions among local authorities. In this context, a conflict has arisen between the Metropolitan Municipality of Lima (MML) and the Government, as the municipal council has expressed opposition to the measure and has approved an ordinance project that goes against the decree's provision. The MML has expressed its intention to carry out a second bond issuance, which has raised concerns in instances such as the Fiscal Council. Experts consulted on this controversy have indicated that it is crucial to avoid over-indebtedness and comply with established fiscal rules, in order to safeguard financial stability and prevent the State from having to assume municipal debts in case of default. In response to pressure from provincial mayors, the Ministry of Economy and Finance committed to repealing the article that establishes the capitalization agreement in municipal credit unions, in an attempt to reach a consensus with local authorities. However, the lack of an official response from the MEF and the absence of Minister José Arista due to scheduling reasons have generated uncertainty about the direction this controversy will take. In conclusion, the discrepancy between the Government and provincial municipalities regarding Urgency Decree 003-2024 reflects the complexity of financial management at the local level and the importance of finding a balance between the need to reactivate the economy and compliance with fiscal regulations to ensure long-term stability.