The Government eliminated three other trust funds after an audit that determined irregularities

Within the framework of the review, the restructuring or the dissolution of the Public Trust Fundshe Ministry of Economy defined the closure of three funds which, in line with those previously dissolved, recorded a “poor use of society’s resources, lack of controls and results,” reported the portfolio that leads Luis Caputo this Monday.

The measure was published in the Official Gazette through the Decree 6/2025. They were dissolved after the results obtained in an audit carried out by the General Sindicature of the Nation (Sigen).

In this sense, the National Government ordered the closure of the Social Housing Trust Fundhe Universal Service Trust Fund (FFSU) and the Prodaf Trust Fund. With these closures, There are already 18 trust funds dissolved for having identified deficiencies in the management of its financial instruments and for weaknesses in ensuring a transparent and efficient use of public resources, moving away from the standards required for responsible administration, highlighted the Ministry of Economy.

This way, The Trust Fund for Social Housing was closedwhich had been created in 2017 to finance social housing and basic infrastructure programssuch as “Casa Propia” and “Reconstruir”.

“This instrument was used for political and clientelistic purposesand had shown irregularities and non-compliance. Along these lines, the Audits carried out by Sigen highlighted among the main deficiencies irregularities in the financed projects, lack of accountability, and works terminated without the funds disbursed having been returned to the National State, among others,” he noted.

Meanwhile, the FFSU had been created by Law No. 27,078 and was nourished by contributions from ICT service licenseeswith services paid for by users. Its purpose was to promote a more universal access to information technologies.

“However, the instrument showed multiple deficiencies in its management corroborated by Sigen reports. Among the main shortcomings were the lack of a strategic plan to direct investments in accordance with the objectives, the execution of programs without formal extension and projects approved without meeting clear requirements, losses of purchasing power in investments, etc.,” he listed.

These reasons showed that the FFSU did not fulfill its purpose and that its dissolution will allow improve the administration of public resources assigned to universal access to technologies, ensuring greater transparency and efficiency,” highlighted the Ministry of Economy.

“In this way, the closure of the FFSU is a clear example that public policy “It should continue, but without the existence of a trust fund that avoids the financial administration system (SAF),” he considered.

Finally, the dissolution of the Prodaf Fundcreated by article 74 of Law No. 26,895 with the objective of improve the income of small and medium producers by increasing productivity and competitiveness with the incorporation of new technologies, technical assistance, training and facilitation of access to credit.

In this case, the Secretary of Agriculture, Livestock and Fisheriesas Program Implementation Authority, reported that the Fund fulfilled its purpose and that Since 2020, no disbursements have been recordedconfirming that its execution has ended, which is why its dissolution was proposed.

With these measures, The Government reaffirms its desire to achieve more efficient and transparent public management and oriented to the common well-being, guaranteeing the rational use of public resources and strengthening control over public finances, concluded the Ministry of Economy.