The announcement of the Gas IV Plan was announced by the Executive Power on September 15 and will allow the country to save foreign currency of more than US$28 billion until 2028 and investments of more than US$7 billion for the next five years. years, while anticipating the submission to Congress of a bill that will create a new long-term regulatory framework for the hydrocarbon sector.
In the announcement, the Minister of Economy Sergio Massa highlighted the savings for the state coffers: “Up to 2028 US$19 billion in savings. Only next year we are going to save US$3.2 billion in energy imports” , he pointed out and continued: “In terms of foreign exchange savings, so important for our Central Bank and our strong currency, US$28.9 billion until 2028.”
Along the same lines, Massa explained that “Only for next year there will be US$4,800 in foreign exchange savings due to the sum of imports from the various sectors linked to the hydrocarbon complex.”
With a view to the next five years, investments of more than US$7,000 million are expected, while for the coming year US$1,200 million more in the sector.
“In terms of tax collection, US$3.5 billion until 2028. In 2023, this sector will receive US$600 million more in tax collection that allows the State to function,” confirmed the head of the Treasury, adding that this also represents 10,000 new jobs until 2028.
“We Argentines are facing one of the deposits at a global level and we have to try to transform that resource into wealth”, the official encouraged.
Source: Ambito
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