Argentina to Use Revenue From Privatisations to 'Modernise' Armed Forces
17 Articles
17 Articles
The government of the Argentine president Javier Milei announced this Monday the creation of the Plan of Suitability and Reequipment of Argentine Military (ARMA), which will allocate revenues from the sale, rent or privatization of state assets to strengthen the capacities of the armed forces. “From now on, 10% of what is collected by the sale, rent or privatization of state assets will be destined for the reequipment, modernization and recovery…
Buenos Aires Executive approves plan to modernize national defense and introduces changes in civilian possession of weapons
The privatizations and the sale or rental of real estate, are another demonstration of approximation that the Executive tries with the Armed Forces
The decision was communicated through a decree published in the Official Gazette. The document assigns percentages of this income to the Ministry of Defence for military re-equipment.
President Javier Milei signed Decree 314/2026 that sets in motion the Plan of Suitability and Military Reequipment of Argentina (ARMA), promoted by Defense Minister Carlos Alberto Presti. The measure establishes that 10% of what is collected by sales, rents or privatizations of state goods will go to Defense. In addition, if it is assets of the Armed Forces, up to 70% can be reinvested in its modernization. The objective is to generate additiona…
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