After Alfredo Cornejo’s request for an extension, the Mendoza provincial Legislature moved forward with its economic plan.
The reformulation of Budget 2024 of Mendoza It was one of the requests of the governor-elect, Alfredo Cornejoto the current president of his same party, Rodolfo Suarez. Finally, and after an extension that could have been extended until mid-October, last Thursday the Budget 2024 in the Legislature provincial with a large amount: $1.8 billion for current expenses. At the same time, a surplus of $189,743 million.
The document was introduced by the Minister of Finance provincial, Victor Fayadwho pointed out that the real estate tax will have an “update in the ranges of aliquots that are adjusted by inflation” of the 136%a figure that will not have the same impact on the Automotive taxwhich will have a limit tied to the increase in minimum salary in the case of vehicles with values less than $15 million. In any case, the official stressed that “they have been decreasing in real terms from 2019 to date, with automobile caps.”
In detail, 10% of the total amount is planned for capital expenditurean investment in educational infrastructure of $20,000 million, develop a housing construction and urbanization plan for $60,000 million, in addition to $30,215 million for the “Provincial Tariff Compensation Fund“.
Other important announcements were the reduction of stamp taxes and the IGross income. In the latter case, some 19,000 people would benefit in the areas of wholesale trade, rental activities, customs broker services, industrial sector, and transportation.
Debt
In the detail of Budget presented, the inheritance of a debt of $243,974 million, of which “89% corresponds to consolidated debt ($217,722.16 million) and the rest to floating debt ($26,252.6 million).” Likewise, although the debt in dollars It amounts to US$ 951 millionwas reduced by 31% compared to December 2019.
The document assessed that “since 2016 the indebtedness has been assumed to finance the public investment plan provincial, with 2020 as the only exception, when it was used to alleviate the impacts of the COVID-19 on health systems, social development and economic activity.”
In any case, and with the aim of advancing in a new stage of the Metrotram toward Luján de Cuyo and the airport The Plumerillo in Las Herasa request for international debt for $30,000 million was recorded, which requires the consensus of two-thirds of both provincial chambers.
State earnings and salaries
Among the demands he presented after being elected governor, Alfredo Cornejo highlighted the need to review the impact of the elimination of Income Tax, a project that he voted against in his role as national senator. At the same time, he observed the negotiation with the trade unions. state workersgiven that Mendoza was one of the districts that guaranteed the payment of the bonus $60,000 and salary increases until the month of October. That is why you seek to postpone any new joint arrangement until his inauguration, on December 10.
The minister’s presentation Victor Fayad in the provincial Legislature addressed both concerns: “The impact of the modifications on the Income Tax had an impact of significant magnitude. It brings an impact to the province equivalent to a month and a half of salaries, which are the most important expense. We had to adapt the budget but above all the tax norm. “We planned to define the tax policy ourselves and not have the national government decide what to do with our funds.”
Source: Ambito
