On Monday morning, President Mauricio Macri delivered a speech in which he confirmed rumors of a significant restructuring in the Argentine cabinet and the government’s ministries. The changes are part of the Government’s goal of dramatically reducing Argentina’s fiscal deficit in 2019— which has already decreased from 1.3 percent to 0.4 percent—as part of the ongoing US $50 billion loan negotiations with the IMF.
What is Changing?
Macri confirmed that he would be cutting the number of Argentina’s ministries in half.
He also confirmed that Cabinet Deputy chiefs Mario Quintana and Gustavo Lopetegui would soon be ousted from their current roles and moved to other positions in the Macri administration of less relevance.
Ten ministries in total will be eliminated and absorbed by other Argentine ministries. These include the ministries of Science and Technology, Culture, Energy, Agro-industry, Health, Tourism, Environment, Labor, and Modernization.
The displaced Minister of Modernization, Andrés Ibarra, will be replacing Quintana and Lopetegui as the only Deputy Chief of the Cabinet, operating under current Chief of Staff Marcos Peña.
Meanwhile, the Ministry of Social Development has absorbed the Ministry of Health, which was downgraded to a Secretariat and will remain under the charge of former Minister, now Secretary, Adolfo Rubinstein.
The Ministry of Energy was also downgraded to a secretariat and absorbed by the Ministry of Finance. The secretariat will continue to be led by Javier Iguacel.
Also downgraded to the same level were the former Ministries of Labor and Agro-industry, which will remain under the charge of Jorge Triaca and Luis Miguel Etchevehere. The secretariats will be absorbed by The Ministry of Production, led by Dante Sica.
The Ministry of Tourism (Gustavo Santos) and Environment and Sustainable Development (Sergio Bergman), meanwhile, will become secretariats that will be directly under the charge of the Presidency. The Ministry of Education (led by Alejandro Finocchiaro) the Ministry of Culture (Pablo Avelluto) and the Ministry of Technology (Lino Barañao) have also been downgraded.
What Stays the Same?
The Ministries of Transport (led by Guillermo Dietrich), the Interior (Rogelio Frigerio), Justice (Germán Garavano), Security (Patricia Bullrich) and Defense (Oscar Aguad) External Relations (Jorge Faurie) will not be experiencing any changes.
Marcos Peña will continue his post as the current Chief of Staff, in spite of rumors to the contrary.
There will be no new faces in the Macri administration’s staff.
Nicolás Dujovne will keep his post as Finance Minister, in spite of speculations that he had tried present his resignation to Macri, who did not accept it.
After announcing a number of new economic measures this morning, Dujovne will travel to Washington to continue ongoing negotiations with the IMF, as was previously reported.
Jorge Faurie is still the Foreign Minister, in spite of rumors that he would be fired and replaced by the former Minister of Finance and Finance Alfonso Prat-Gay.