The goal is to turn on “the machine to generate dollars”to strengthen the Bookings of the Central Bank. For this, he announced that an export advance scheme was agreed with different production chains throughout the country.
Exports
In principle, the minister confirmed that the agreement covers sectors such as fishing, the mining, the agro, among others, that they will enter u$s5,000 million in the following 60 days that will go directly to swell the coffers of the BCRA.
“Today we signed a commitment with the different sectors that in some way mutually commits us to this liquidation procedure,” he said tonight, adding that the agreement was reached after “several work meetings that did not start today but Some days ago”.
The understanding between the Government and said sectors will not imply a change in the current liquidation conditions. “We are certain that the liquidation procedure, as established, will guarantee the entry of those US$5 billion,” he stated. The goal is to manage to overcome the remainder of winter so that the demand for energy is reduced and, consequently, the payments for imports of said item are reduced.
imports
Parallel to the export growth plan, the official pointed out that progress will be made with a traceability system for foreign trade to control and make transparent the use of foreign currency for imports. There, the import of resources destined for health and production will be prioritized, he explained.
The control scheme will be accompanied by a complaint mechanism that will be filed with the Justice and that will involve those companies that appropriated foreign currency through triangulation of imports.
Following this line, he stated that The Government will denounce in the United States the companies that triangulated imports with overpricing. Although he advanced that he will give them a period of 60 days so that they can make their discharge or rectification.
As detailed, it is a total of 13,000 operations of import triangulated from 722 companies. The mechanism was as follows: they bought products at a price, passed it through another destination and brought it overcharged to Argentina. “In general, the triangulation was done with companies that were no more than a year old,” he explained.
Those who decide not to rectify and do not appear to testify will be enunciated before the local Justice. “But the complaint will also be filed with the United States money laundering unit, since banks from that country were used and therefore the headquarters of the financial domicile determines jurisdiction,” he said.
Rate segmentation
Another of the central aspects of the Massa plan will be set in the electricity, gas and water rates. In recent weeks, a segmentation scheme was implemented to reduce the amounts allocated by the national State in subsidies, especially to the higher income sectors.
The minister anticipated that “the first cut” It has already been carried out and covers almost 4 million households that did not apply for subsidies. This group will no longer receive the benefit. And he announced that a scheme will be implemented to promote savings in energy consumption.
In this sense, he indicated that “among the more than 9 million who did ask to maintain the subsidy, saving by consumption will be promoted,” and he explained that up to 400 kilowatts will be subsidized in light, in terms of gas, the removal will follow the same logic. and in water, the application of the removal by segmentation will begin in September.
The focus will not only be on reducing the impact of subsidies on public accounts, something specifically claimed by the IMF in the Extended Facilities agreement, but will also be on the progressivity of the system for efficiency in the use of resources. “We cannot continue with a scheme in which whoever spends the most on energy or water is the one who receives the most subsidies,” Massa said.
Source: Ambito
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