Such as Ámbito advancedthrough a video on Instagram, the head of the Palacio de Hacienda announced that the payment of a lump sum of $60,000 for private employees to be paid in two installments of $30,000 in September and October. The increase will be non-remunerative and one-time.
The bonus that companies must grant will be for workers who receive a salary equal to or less than $400,000. As explained by the minister, the amount will be “on account of the future parity” and will aim to “strengthen the purchasing power of workers’ wages.”
In addition, he stressed that “in the case of micro-enterprises we are going to return 100% of employer contributions and in the case of small and medium-sized enterprises (SMEs), 50% of contributions to help workers.”
The measure aimed at private employment will have an impact on 5.5 million workers.
At the same time, the Government will implement a similar measure for employees of the national public sectorwho will also be awarded a fixed sum for $60,000 which will be paid in the same way as in the case of private loans, being absorbable in parities.
The measure will impact those public sector workers who earn up to $400,000. The presidential candidate took advantage of the announcement to “invite the provinces and municipalities to make an effort together with the national State to try to improve the income of state workers.”
Minister Massa’s decision clashes with an IMF request to cut the wage bill for public sector employees by 5%. The agency’s suggestion was reflected in the Staff Report where they state that “around 60% of public sector workers received real wage increases of more than 10% during the first half of 2023.”
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Earlier, the minister announced a credit line for workers, with the aim of strengthening consumption and cushioning the impact of inflation. In addition, he will implement a tax relief and loans for monotributistas for up to $4 million.
The measures seek to correct the impact generated on workers by the 22% devaluation arranged by him central bank at the request of IMF, after the jump of the blue dollar as a result of the result of the STEP.
In addition to assistance for workers, relief was implemented for retirees, pensioners, AUH beneficiaries, Alimentar card, small and medium-sized companies, industries and regional economies.
The battery of measures began days ago with the implementation of a new price agreement with 425 companies for 90 days, which will enable companies to limit their increases to 5% per month.
In turn, a new understanding was reached with the main oil companies that operate in the country to freeze the prices of fuels at the pumps until October 31. The objective is to avoid the transfer to devaluation prices.
Source: Ambito
