The head of the Treasury Palace also provided economic definitions on profits, taxes and prepayments, among other topics.
Luis Caputo, Minister of Economy.
Telam
He Minister of Economy, Luis Caputoprovided definitions about the Argentine economy and anticipated what the final number of the inflation for March, amid a drop in the CPI and support for the dollar.
The head of the Treasury Palace highlighted the economic work carried out by the Government of La Libertad Avanza (LLA)focused on economic adjustment and reduction of public spending.
Caputo, furthermore, He even spoke of deflation in certain itemsa phenomenon that is generated when the supply of goods and services in an economy exceeds demand.
What will inflation be according to Luis Caputo
In television statements with TNCaputo provided an estimated figure on final inflation for March: “I think March inflation will be around 10%. Everyone thought between 12 and 13. The core is probably in the single digits. Inflation is collapsing “In the first week of April, food is causing deflation of between 3% and 5%.”
“In the case of the food and drinksIf you look at the supermarket data for the first week of April, it is coming back negative, there is deflation“, he added about one of the items most pointed out by consumers regarding the price increase.
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The main definitions of Luis Caputo
In relation to Income Taxjustified the attempt to reinstate it by declaring that it is ”a tax that is paid throughout the world”, but ”with a higher floor”.
On the floor, ruled out that it is $1,200,000 and clarified that they are listening to the governors in the framework of the negotiations for the controversial return of the tax.
The Minister of Economy Luis Caputobesides, He referred to one of the biggest concerns of the country’s inhabitants: taxes. Their loss was an important part of Javier Milei’s electoral campaign.
Caputo explained that it is not possible to lower taxes at the moment: “We have to reverse an entire process developed for years. It is the consequence of doing things wrong. I would love to lower taxes, but the first impact is that we are going to collect less and then you have a deficit.”
Source: Ambito
