The main national trade body understood that the previous measures “were suffocating companies.”
Through a statement signed by its president, Natalio Grinmanthe Argentine Chamber of Commerce and Services (CAC) this Wednesday supported the first economic measures announced by Luis Caputo in a recorded conference, highlighting that “it is very healthy that the minister, in line with what the President Mileihave put in a central place to the tax issue“.
“The announcement of correction of the large imbalance in public accountscause of the monetary issue which in turn generates the very high inflation that disrupts the lives of all Argentines,” analyzes the document from the CACin line with the statements of the new Minister of Economy, who they trust that “they will find a way to do it by minimizing the cost to the population“.
In that sense, Natalio Grinman stated: “I applaud the fact that the root of the problem is attacked and that patches are stopped that end up failing sooner rather than later, as they are price controls and restrictions everywhere.” The president of the commercial chamber emphasized the price agreements, which he described as “tremendous existing obstacles were not only suffocating companies linked to foreign tradebut they spilled their pernicious effects on all economic activity.”
Finally, they understood that there is “the need, in the emergency, increase some taxesbut it is key that as soon as the situation improves, these exceptional measures are eliminated“. “It must not be forgotten that They are a palliative for the emergency and that work and merit must be the main tools of social progress,” the message concludes.
Luis Caputo’s ads: one by one
1) Employment contracts are not renewed in the State that are valid for less than one year.
2) Suspension of the national government guideline for one year.
3) Reduction in the number of ministries (from 18 to 9) and secretariats (from 106 to 54).
4) Reduction of discretionary transfers to the provinces.
5) Elimination of public works tenders and suspension of the execution of those tendered that have not yet started.
6) Reduction of energy and transportation subsidies. “Today the State artificially maintains very low prices in tariffs,” he defined.
7) Freezing of the Enhance Work in Values 2023 plans.
8) Official dollar at $800. Increase in the PAIS Tax on imports and withholdings on non-agricultural exports.
9) Replacement of the SIRA with an import system without prior authorization.
10) Double the AUH and increase the Alimentar Card by 50%.
Source: Ambito
