1 of 2 Bank advertising about “Aguinaldo”, the thirteenth Argentine Photo: Reproduction Bank advertising about “Aguinaldo”, the thirteenth Argentine Photo: Reproduction
Argentine Presidentelect Javier Milei fell out with the country’s provincial governors at the end of November. The reason: the “Aguinaldo”.
It’s not about one person in Argentina, “aguinaldo” is the 13th salary, paid in two installments, one at the end of the year. Governors said they did not have the money to pay salaries and benefits.
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In interviews, Milei said governors had an obligation to keep their accounts in order. The presidentelect, who is also an economist, made a proposal to the governors: “cutting other expenses,” but not salaries and “aguinaldo.”
Rogerio Frigelio, a lawmaker for Entre Ríos province, said a tax break promoted by the federal government this year had resulted in a loss of revenue for regional governments.
“This makes it difficult to pay salaries and Aguinaldo,” he said.
The subject of Aguinaldo also appears in the miniseries “My Dear Caretaker.”
2 of 2 Argentine Peso — Photo: Getty Images Argentine Peso — Photo: Getty Images
According to a statement from the Mexican government, “aguinaldo” is a word derived from “eguinad.”
This word was spoken by people who lived in the Iberian Peninsula before the occupation of the Roman Empire. Back then, “eguinad” referred to the exchange of New Year’s gifts.
There are currently two “Aguinaldo” payments in Argentina: one in June, the other in December.
To calculate when to make payments to employees, the employer must take into account the employee’s highest monthly salary in the relevant semester. The value of the “aguinaldo” must be half of this value.