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Given the fall in consumption, the Government analyzes expanding Simple Quota

Given the fall in consumption, the Government analyzes expanding Simple Quota

The Government is analyzing expanding the “Cuota Simple” program that replaced Now 12 and which aims to moderate the brutal fall in consumption taking into account that, when the economy falls, revenue collection also falls.

Mariano Fuchila

The SME retail sales They fell 25.5% in February, at constant prices, and accumulated a decline of 27% in the first two months of the year, compared to the same period last year. In the monthly comparison, they fell 7.4%, according to the Argentine Confederation of Medium Enterprises (CAME).

Many businesses pointed out that February was a month to forget, with consecutive days where no sales were recorded. Families made all their financial problems visible and there was lack of savings in households (expenses were greater than income) to make ends meet. Likewise, vacations took away excess money.

In this context, the Government is analyzing expanding the program “Simple Fee” which replaced Now 12 and which aims to moderate the brutal fall in consumption taking into account that, when the economy falls, Collection also falls.

simple quota.jpg

Ministry of Economy

What is simple fee

Simple Fee It is a program that allows you to pay in 3 and 6 fixed monthly installments with a rate of 85% of the fixed term rate established by the Central Bank for 30 days, updating automatically. One of the alternatives that are being discussed in the Ministry of Commerce is the possibility of raising the limit for payment in installments available on the credit card.

Regarding the future of Cuota Simple, a priori, the intentions would be for the program to continue after May 31, the date that was set as the deadline for the first stage. Although they emphasize that The final decision will be made the days before.

As for the items included, to the initial 29, last Monday the decision was made to add imported footwear and school bookstore items. Under the justification that in this last sector the 80% of the market supply comes from abroad.

Source: Ambito

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