Argentine President Alberto Fernandez said his government would abide by a recent Supreme Court ruling and give a larger proportion of state funds to the
opposition-controlled city of Buenos Aires.
The announcement signaled a reversal from a decision last week that drew a backlash, when Fernandez said he was rejecting a ruling from the court that increased funding to the capital.
“Judicial rulings are binding even when they are deemed to be disadvantageous and unfair,” Fernandez said on Twitter, clarifying that the funds will be paid in peso-denominated bonds.
Argentina president to comply with “unfair” court ruling on Buenos Aires funding
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