The Minister of Economy, Sergio Massa, will continue announcing a series of measures until September 27, the limit set for that purpose by the electoral calendar. Official and business sources anticipated Ambit that among the universes covered there will be informal workers, self-employed and the industrial sector. The package aims to contain the impact of the devaluation in the most neglected sectors, strengthen consumption and favor industry local.
The removal of the Income Tax for workers and the announcement of the Buy Without VAT program returned centrality to the Government’s agenda. The most compelling example of this is the latest report from the Ad-Hoc consulting firm that monitors the conversation on social networks and which reached the offices of more than one official.
According to this survey, the Earnings topic accumulated more than 40,000 mentions in 72 hours with almost 20,000 users participating in the conversation. More than 62% of the comments about it were positive. If we add to that the VAT refund on basic basket products, the mentions were 93,000 and far exceeded the 29,000 that were concentrated in those days on the words inflation and prices.
“For every bad news that is inevitable, we are going to give good news”, a leader who orbits the halls of the Palacio de Hacienda told this medium, describing the mechanics that are coming for the next few days. The fact is that the inflation data will not be the only bad news heading into October. On the 27th of this month, INDEC will release poverty and indigence data for the first half of the year and everything seems to indicate that the records will be even more alarming than the last ones.
Among the targeted announcements, Massa has on his agenda a measure for “3 million Argentines in the informal economy”. The candidate minister anticipated: “We are also going to extend the hand of the State to them and defend them from inflation, a product of the Fund’s decision to devalue our currency.” Within the Government, there are officials who promote a scheme of income reinforcement similar to that of the IFE, but more limited.
After the tug-of-war over the payment of the $60,000 bonus that the Executive ordered, some local businessmen on and off are beginning to support the measures as a way to shore up sales that have been hit hard in recent months. “They are measures that strengthen domestic consumption and by doing so they also strengthen SMEs,” said Alfredo González, president of CAME, on Radio 10.
If we talk about consumption, Now 12 (which maintains rates well below those offered by the market) continues to be essential to support the financing of durable and semi-durable goods. At the Secretary of Commerce They study how to expand the program which had its last renewal last February and is valid until February of next year.
At the same time, the Minister of Economy will launch a Tax relief for merchants, professionals and service providers who are tax classified as self-employed. In principle, it will consist of a reduction in Income Tax, a deferral of the payment of VAT and contributions for the months of September to December 2023. Additionally, it will send a bill to mitigate the impact of the transition from the monotax to the general regime with a new figure called “Simple”.
Sectoral measures
Massa announced this Monday in Posadas the launch of “Insert”an initiative that aims to expand the tools available for the federalization of the industries and services of the Knowledge Economy. It will provide direct financial support to Micro, Small and Medium Enterprises (MSMEs).
The program created by the secretariat led by Juan Manuel Cheppi provides for the payment of part of the salaries paid to newly hired workers through Non-refundable contributions. He allocated budget is $1.2 billion and will be applied across the provinces. To access the benefits, private companies must meet a series of requirements: accredit new hires, which must be full-time and in the corresponding districts.
This will not be the only sectoral measure. After his tour of Tucumán, Massa announced to businessmen grouped in the Union of Northern Argentine Industries (UNINOA) the application of decree 814. The dialogue was confirmed to this medium by one of the businessmen present at the talk. The initiative in question provides for the reduction of employer charges for firms that are outside the City of Buenos Aires.
Not all eyes will be on the North. The Executive also has a decree within reach the return of textiles to the Fuegian regime, a scheme from which they had been excluded in the last renewal. The proposal is already generating noise within the sector due to the level of benefits it could generate for those who settle there and there are those who consider that it could constitute “unfair competition.” The Government warns that the incentives will be limited.
Source: Ambito
