Budget Issues:

Privatization Practices in Argentina

AIMD-96-55: Published: Mar 19, 1996. Publicly Released: Mar 19, 1996.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO examined privatization in Argentina, focusing on how Argentina: (1) values and prepares assets for sale; and (2) uses sales proceeds.

GAO noted that: (1) Argentina's privatization process is less centrally controlled than other countries and uses special privatization committees to foster its sales process; (2) the Argentine government generally retains the liabilities and obligations of the entities being privatized in order to enhance their sale price and ensure their sale; (3) the Argentine government believes that the private sector does a better job of investing in and improving enterprises; (4) although the government dissolved some industries to foster more competition, many are still monopolies and require some regulatory framework; (5) when the Argentine government values the assets of an entity, it determines the level of improvement and investment that the purchaser will need to make; and (6) the proceeds from Argentina's privatization are used to finance its social security system and existing debt.

Dec 16, 2014

Jul 29, 2014

Jul 18, 2014

Jun 23, 2014

Jun 17, 2014

Jun 12, 2014

Jun 10, 2014

May 28, 2014

Mar 27, 2014

Looking for more? Browse all our products here