The Minister of Economy will communicate tomorrow a battery of measures aimed at moderating the 22% increase in the official exchange rate set by the BCRA and the strong increase registered in the parallel market.
just as anticipated Ambit, Massa announced that a lump sum to recompose salaries and will order reinforcements in family’s asignations and WOW.
“Tomorrow there will be announcements about price stability and compensation for the damage caused by devaluation in people’s pockets,” said Massa. during an interview on the A Dos Voces program on the TN channel.
When asked if the compensation will imply a salary increase, Massa announced that “clearly the fixed sum will be in the framework of parity” and also “there will be an additional effort in Family Allowances and Universal Child Allowance”.
The head of the Palacio de Hacienda considered that the result of the PASO shows “a scenario that leaves the government in competition”, although he did not hesitate to ensure that Javier Milei’s victory expressed the needs of the citizenry. “We are going to have to make corrections in a complicated context. Argentina lives with an agreement with the IMF that Macri left,” he said.
Price agreement and tax relief for companies
The measures to be announced by the Ministry of Economy accompany the new price agreement with companies confirmed last night by the head of Customs and current manager of the price negotiating unit, Guillermo Michel.
The new price agreement will govern for 90 days and will enable increases of up to 5% per month, reported Michel.
Within the framework of economic stabilization, Massa also announced that a series of benefits for companies will be implemented, in the form of tax relief.
Tonight, minutes after the minister’s interview, the Government announced a series of exemptions and benefits for companies that are part of the price agreementsto avoid the cost of devaluation to the gondolas.
Among its main points, the document reduces to 0% the export duty rate for goods included in the tariff items of the Mercosur Common Nomenclature (NCM).
In addition, it will be released from the payment of the COUNTRY tax for the purchase of bills and currency in foreign currency for the importation of merchandise included in the tariff items of the Mercosur Common Nomenclature (NCM).
Source: Ambito
