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Wednesday, November 30, 2022

JxC sanctioned law, despite opposition criticism

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The initiative, among other things, For the fifth consecutive year, it does not contemplate expansion works for the subway network and contains decreases in the level of investment destined for the areas of health, culture and education.as denounced by union organizations that called for a march to the legislative headquarters, at 100 Peru Street.

From the Buenos Aires ruling party, the Minister of Treasury and Finance, Martín Mura, said that it is a budget with “zero deficit”, since revenues will be $2.164 billion, slightly higher than expenses.

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When presenting the project in the Legislature, the minister also pointed out that “it is a budget without an increase in taxes or the creation of new taxes” and a “30% drop in terms of the weight of interest on the debt.”

Mura emphasized that the macroeconomic variables of the budget “arise from the estimates set by the national government”, which project a “growth of the Geographical Gross Product of 2%, an inflation rate of around 60% and a dollar at $269, 9 by the end of the year.”

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Criticism of the opposition to the Budget

During the session, the legislator of the Front of All (FdT) Claudia Neira said that the budget of the Buenos Aires Government does not foresee the “salary recomposition” that demand the doctors residents of the Buenos Aires hospitals, who “charge 120,000 pesos (monthly) and are on duty 24 hours a day without pay.”

Neira also stated that after 15 years of PRO governments in the City, the Buenos Aires health system “is in crisis.”

Regarding the tax structure of the City, the legislator said that while taxes on assets, such as real estate, decreased “by 40%, since 2008, those that affect commercial activity and consumption increased”, including Gross Income and the tax on purchases with credit cards.

Gabriel Solana, of left frontpointed out in his turn that the budget approved today “validates a policy of adjustment against the workers”.

And he added that “the share of health spending in the budget drops one percentage point” for next year, and the Buenos Aires government’s spending on advertising “increases in real terms by 171%.”

From Freedom Advances, Ramiro Mara maintained that the Buenos Aires government “is going to collect 23% more than last year and it doesn’t even occur to them to think about how to lower taxes for the taxpayer.”

“The only thing he thinks about -he added- is how he is going to spend that money. Instead of continuing to make useless and unnecessary expenses, they could try to relieve the private sector a little, which is increasingly having a worse time.”

Along with the budget, the Tax Code and the 2023 Tariff Law were approved, as well as a second expansion of this year’s expenses.

Source: Ambito

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