Weekly Report - 02 June 2016 (WR-16-21)

President Mauricio Macri is seeking to advance legislation that could simultaneously buttress his approval rating, at a time when there is criticism of fuel and energy price increases, inflation and public sector dismissals; keep his allies on side; and push the political opposition on to the back foot. Macri sent a bumper bill to the federal lower chamber of congress this week, containing a tax amnesty to encourage Argentines to repatriate billions of dollars of undeclared savings held in overseas accounts to fund a major boost to pensions. The bill also includes an incentive that is sure to appeal to governors representing the main opposition Partido Justicialista (PJ, Peronists) and, as such, help secure its passage, especially through the federal senate.