However, this is not something that bothers the Ministry of Economy or the IMF since Martín Guzmán, his team and the Fund’s technical staff consider that 2023 will be more complicated than this year, especially in fiscal terms. According to the financial and fiscal speculations of the Executive in general, this year there would be no major problems in achieving a deficit between income and primary expenses (not counting interest) not exceeding 2.5% of GDP. Even from Economy there is speculation with a loose percentage somewhat far from the maximum goal. This, in addition to relying on economic growth above 3.5%.
The important thing for Economy is that the “unexpected income” helps to achieve the goal of a maximum deficit of 1.9% by 2023; year that, in addition, is electoral. If the internal tensions of the official coalition that were experienced in 2021 were repeated, when after the PASO Kirchnerism pressed for an increase in public spending, the real application of the tax for next year would be more helpful than for 2022. Hence, the IMF not only looks sympathetically at the increase in tax pressure (it is even pressing for an even greater increase than the one Guzmán has in mind), but also the transfer of real income for the already complicated anticipated 2023 is something perceived as fiscally more effective.
For him IMF, All initiatives that lead to higher income for the weak local public accounts would always be welcome. Moreover, if it is a project, that of the “unexpected income”, which was publicly launched from Washington for Georgieva; which is added to a laundering with the purpose of obtaining dollars to guarantee that the country fulfills its commitments before the same Fund.
In the case of the “unexpected income” tax, the support is explicit. Not only is it a project supported by the organization globally, but it has always considered that the country should concentrate its tax scheme on income tax rather than VAT. More in times of economic growth.
Source: Ambito
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