ERRATA: This report replaces the version published on 05/14/24.
The bill extends the term of the Income Compensation Fund for Cotton Production (FCIPA), increases its budget and proposes an automatic annual update linked to the price of grade 2 diesel oil determined by YPF.
- Resources totaling ARS13.5 billion would be allocated to the FCIPA this year.
- The Cotton Fund was first included in the budget in 2006, but without a credit allocation. As of 2007 a budget of ARS25 million was allocated and ARS500 million in fiscal year 2024, which has not been executed to date.
- Updates will be made on an annual basis, according to the percentage difference in the variation of the price of GRADE 2 diesel oil determined by YPF S.A. as of September 30 of each calendar year.