24hoursworld

the key change that the program will have after the new Economy announcements

the key change that the program will have after the new Economy announcements

With the aim of continuing to promote consumption, which represents 5.8 million monthly operations, the economic team headed by Sergio Massa announced a key change.

A 9 percentage point drop in the cost of financing of purchases of national products made through the program Now12 It is one of the measures arranged by the Ministry of Economy to sustain the level of consumption.

“Starting next week, the cost of financing in 12 installments will drop 9 percentage points,” sources from the Palacio de Hacienda specified, providing details of the battery of measures that were decided to put in place to redirect the macroeconomy.

The measures were defined yesterday afternoon, within the framework of the meeting led by Minister Sergio Massa and in which the Secretary for Economic Policy, Gabriel Rubinstein; the portfolio’s chief adviser, Leonardo Madcur; the legal and administrative secretary, Ricardo Casal; the president of the Central Bank, Miguel Pesce; the head of the Federal Administration of Public Revenues, Carlos Castagneto; the General Director of Customs, Guillermo Michel; and the director of the National Institute of Statistics and Censuses, Marco Lavagna, among others.

“In this way, the consumption of products of national origin is promoted, which represent 5.8 million monthly operations for a total of more than 250 billion pesos”remarked the same source.

The measure aims to benefit consumers, merchants and national companies, since this plan is one of the main drivers of sales at the retail level.

Now 12: how long is it still valid?

At the end of December 2022, the Ministry of Economy reported that the program will be extended until June 30, 2023 for credit card installment purchases. Some products of national origin already have financing of 3, 6 and 12 installments.

The limit available for financing in installments will be determined by the limit set by the credit card issuer with each of its users.

The Executive Branch justified the extension of the program by stating that it is necessary to “continue with the implementation of concrete actions aimed at continuing to strengthen the domestic market and expanding access to goods and servicesthrough mechanisms that stimulate demand through the granting of financing facilities”.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts