Sergio Massa suspended increases for 90 days

Sergio Massa suspended increases for 90 days

August 27, 2023 – 21:56

The minister informed that it will be for those households that receive income of less than $2 million per month. It is to mitigate the impact of inflation on families.

The Minister of Economy, Sergio Massa, presidential candidate of Unión por la Patria, announced the suspension of the increase in prepaid For families with income less than $2 million per month. It’s for 90 days. It adds to the measures reported this Sunday to strengthen the income of citizens.

“We have decided to suspend the increase in prepaid medicine for the next 90 days, for all those households that do not exceed the income of $2 million“, advanced the head of the Treasury in a video on his social media accounts.

The objective, said Massa, is that “the effects of the fact that the effort made by the workers and the State is also accompanied by a health care that they do not penalize the worker’s bills”. With the increases in July and August, the Family plans for a married couple with 2 minor children were between $120,000 and $165,000 per month.

The accumulated rise in private medicine in the first 8 months of the year was 66.16%, while the CPI for 2023 registered a variation of 60.2% until July, without even counting the August index.

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Earlier, the minister also announced the implementation of a fixed sum for private and state workers of $60,000, a $25,000 bonus for employees of private homes and a line of credit for workers in general, with the aim of strengthening the consumption and cushion 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

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