He Ministry of Economy will finish formalizing these days the updates of the Fair Price agreements last week, which among its main characteristics includes 5% monthly adjustments for 52,300 products for 90 days and the freezing of the sale values of the fuels liquids and medicines until October 31.
Sergio Massa: “The State gives up part of the taxes and companies give up part of their profitability”
On Friday the 18th, the Minister of Economy and presidential candidate of the Union for the Homeland (UxP), Sergio Massaannounced the closure of a price agreement with supermarkets and wholesalers for 52,300 consumer products, with staggered increases of 5% per month for the next 90 dayswhose list is expected to be released starting tomorrow.
On the same day, it was announced agreement with national laboratories and cooperatives so that “there are no more increases in medicines until October 31”, whereby “the State gives up part of the taxes and the companies give up part of their profitability”, according to what was reported by Massa.
Also, the day before, a similar agreement was signed with the fuelsafter the 12.5% increase previously implemented by the companies.
“We enter a path in which there will be no more fuel increasesproduct of a decision in which the impact of the devaluation ends up being assumed by the consumer, a part by the companies and a part by the State that is going to resign part of the resources paid by the companies,” Massa explained in this regard.
On Thursday the 17th, it was formalized, through the publication in the Official Gazette of the corresponding resolution, the creation of the Price Agreement Negotiation Unitto evaluate and agree on the price commitments for goods to be subscribed through agreements with supplier companies and wholesale and retail supermarkets.
The entity is coordinated by the General Director of Customs, William Micheland also has the participation of the Secretaries of Commerce, Matias Tomboliniand Economic Policy, gabriel rubinstein.
Agreement with tax benefits for companies and credit scheme at a subsidized rate for SMEs
The agreement with 31 supermarket chains and wholesalers includes fiscal benefits for the companies that adhered and a scheme of credits at subsidized rates for supplier SMEs, in order to guarantee the path of increases for included products.
“We ask people, because within the benefits planned for the next few days there are tax benefits designed for those who make purchases in formal markets, who do not fall into the informal market,” said the Minister of Economy.
In addition, a program of subsidized rate credits for SMEs that supply supermarkets.
In this way, the State resigns collection to prevent the increase in costs from being transferred to prices, they clarified from the economic portfolio.
The companies that increase their prices above 5% will be penalized and the fiscal benefitsthey specified from the Treasury Palacewhile Massa warned that “those who do not comply will be made to feel the full weight and rigor of the law.”
Source: Ambito
