A report points to an interannual fall of 26.6% in co -participible funds at the federal level, simultaneously to the reduction of VAT collection.
Despite the latest record records of consumption in the last month, the deterioration in interannual performance caused a deep Fall in co -participation in May 2025. The situation represents the main challenge to be discussed at the next meeting of the Federal Investment Council (ICC), in which the Provincial governors.
A study of Argentine Political Economy Center (CEPA) registered a decrease in the order of 23.3% year -on -year of the NATIONAL RESOURCES in real terms, together with a collapse of the 26.2% in the funds of Federal Tax Copartition. In the Patagonian districts the main deterioration was seen: -26.5% in Río Negro, -26.3% in Tierra del Fuego and -26.2% in Santa Cruz.
Coparticipable funds come from Profit Tax (which allocates 100% of the collection), the Value Added Tax (VATwhich directs 89% of its total) and the Coparticipable internal taxes (100% of your perception, but with a meager impact on the final account).
Precisely, the deterioration of the collection of these taxes explains the fall of the co -participible funds. According to the strain, a VAT reduction of 1% year -on -yearwhich is “explained by an erratic behavior of economic activity and consumption.” On the other hand, The drop in profits was even more shocking: 39.8%.
Consumption reactivation
Mass consumption in Argentina began to show recovery signs During the first months of 2025, after a 2024 marked by recession and adjustment. However, this Improvement is unequal: While some categories grow and recover volume, others remain beaten, and the purchase capacity of Argentine households remains fragmented according to the income level.
Inflation inflation lacteous lactea prices consumption
Mariano Fuchila
According to the report Shopper Day 2025by the consultant Kantar, the 61% of the analyzed categories grew in volume during the first two -month period of the yeardriven by greater price stability and the return of consumers to products and brands they had set aside. In addition, the report highlights that 3 out of 4 categories that grew also added new buyers buyersthey expanded the size of the basket and increased the purchase frequency, which marks an improvement in the general dynamics of consumption.
Among the categories that grew the most at the beginning of 2025, the capillary treatments, mouth rinses, skim yogurts and margarines. These products show a clear reactivation, in contrast to other areas that still fail to recover: 60% of the categories remain below last year’s consumption levelsand the segment of alcoholic beverages Continue in fall.
The report also reveals a strong fragmentation of consumption according to the socioeconomic level. While Only 5% of the categories grew in lower income homesgrowth reached 79% of the categories in homes of medium and high socioeconomic level.
Source: Ambito
