The Buenos Aires initiative takes as a reference the macroeconomic guidelines established by the national budget projection.
The Buenos Aires Government presented in the Legislature the project of Budget 2024 that contemplates expenses of more than 5.8 billion pesos and that foresees a zero deficit plan and inflation adjustments for the ABL and Patents, along with the announcement of the works on the Sarmiento train viaduct.
The Buenos Aires initiative takes as reference the macroeconomic guidelines which establishes the national budget projectionwhich foresees a variation in the activity level of 2.7%, an estimated inflation of 69.5%and a exchange rate of $607 per dollar by the end of next year.
“For the third consecutive year, the City of Buenos Aires presents a project of budget law with financial balance, that is, with zero deficit”, they highlighted from the Ministry of Treasury and Finance after sending the initiative to Parliament.
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BA Tourism Press
The official in charge of the economic portfolio, Martin Murawill attend the Legislature on Wednesday, to the meeting of the Budget Commission, to explain the details to the Buenos Aires deputies.
In that sense, the proposal of the Buenos Aires Government, whose administration Horacio Rodríguez Larreta will leave as of December 10 and will remain in the hands of Jorge Macri, proposes “a total of expenses of 5.8 billion and a total of resources” equivalent.
Taxes: how they will increase in 2024
Yes ok does not contemplate tax increases or rates, nor the generation of new taxesthe ABL rate will continue to be updated monthly for the City Consumer Price Index, monthly and progressively.
Likewise, with regard to Patents The tax to be paid during 2024 will be capped at the inflation recorded during the period November 2022-October 2023 given that “it seeks to mitigate the impact that the tax may have due to the excessive rise in car valuations in the automotive market,” said the Buenos Aires sources.
Source: Ambito
