June 7, 2023

Lakeview Gazette

Complete News World

What was the economy like before the May Revolution?

The first board took a series of actions related to public financial management, but there were continuing precedents to consider that the management of expenditures and resources, in some cases, dates back to pre-Spanish colonial times.

“Before the arrival of Europe, the Inca Empire had reached a respectable maturity based on the cubus system of its property records”, emphasized Gustavo SybilResearch Director of the Argentine Association of Budget and Public Finance Administration (ASAP).

The kippu (from Quechua, knot or tie) was an information-storage device made of rope, used by the Incas as an accounting system and thought by the conquistadors, which Jesuit José de Acosta maintained was “incredible.” .

With the foundation of the first cities in the 16th century came the formation of councils, collegiate bodies that directly intervened in communal administration.

“Cabildos had the power to dispose of certain property free of charge and to impose certain taxes or rights, and these resources, called ‘propios y arbitrios’, were intended to defray the expenses of the town which voted them without the intervention of another. Authority; they were the local public funds of the colony”, Sibylla said to Thelam.

If these costs were now equivalent to municipal administration, the Spanish government established a series of taxes (alcabala, almojarifazgo, Quinto Real, Tithes, Media Annata, etc.) and used a network for the viceroyalty’s expenses and resources. Boxes in territory responsible for collection operations managed by Royal Treasury officers.

With the creation of the Viceroyalty of Río de la Plata in 1776, a new political and economic system became necessary, and during the administration of 1782 the “Royal Ordinance for the Establishment and Instruction of the Military and the Intendants of the Province” emerged. Viceroy. Juan Jose de Vertes y Salcedo.

See also  A native of the city joins Javier Millay's economic team

This Ordinance regulated the payments and issuances and ratified the provisions of the Laws of the Indies, to the effect that no officer, except by dignity or rank, could issue without royal sanction to the Royal Treasury.

Sibylla pointed out “The administration of public finances, though somewhat cumbersome, was perfected and would continue for many years after the May Revolution.”