Without help from the country tax, the government awaits a good result of the January collection

Without help from the country tax, the government awaits a good result of the January collection

While the Minister of Economy, Luis Caputo, insists on keeping his crusade haughty against the fiscal pressure of the municipalities and the provinces, looking at the situation of the Treasury of the Nation of January, It can be assumed that it will start with Good results Although there are several taxes that were stopped.

If the partial data of money is taken by the Nation to the provinces in matters of co -participation, which is called Resources of national origin (rum), missing just three days for the closing of the month, They total $ 4.4 billionthat compared to The $ 2.1 billion of the same period of January 2024 gives an increase in the order of the 4 to 5 real points.

It should be remembered that the bulk of the Federal Copartition of taxes is channeled through the Income Tax and the Value Added Tax (VAT) and that therefore can be used as a proxi of the behavior of the collection activity related to the domestic market

As the consultant pointed out Alejandro Pegoraro, head of Politikon Chaco, The improvement will begin to be given by Low comparison floor with those collected in January 2024. In that month there was an inflation of 20%, product of the devaluation of the previous month and there was a collapse of the activity. This affected not only the taxes of the internal activity but also verified in taxes related to foreign trade.

Federal co -participation It also includes fuel and monotax tax resources. Both are showing interannual collection growths in very high real terms because the national government has been updating the fixed component of the first, since the fiscal package of the 2024 IPC.

In the case of Simplified regime, transferred so far were $ 8,233.8 millionwhile in 2024 it had been $ 2,646 million throughout the month, which gives an increase close to 75% and still did not conclude the period.

January fiscal accounts

The government has to cover this year orn Loss of tax resources estimated at 2% of GDP, due to the decrease in the country tax, which contributed 1.4% of GDP and the “extra” of moratorium and money laundering that left 0.44%. To this is added the recent temporary reduction announcement of retentions to some productions of the field, and the definitive removal for regional economies, which adds 0.13% of GDP.

All this has to be compensated with collections of collections, basically VAT, profits, check tax, withholdings and import tariffs. And it is assumed that it will be more than anything due to the growth of the activity.

International organizations such as the IMF recently estimated that GDP will expand 5% in 2025, but taking into account a 2% resago last year. The data does not escape the technicians who work in an NEUVO program for Argentina. The fiscal situation is consolidationThe difference from other periods in which collection and deficit reduction goals had to be agreed.

In January, in general, improves the fiscal result for a stationary issue, And most of the strongest expenses were made in December. That is, it is a period of better execution. In addition to this, the government persists in the logic of cutting expenses, which can also anticipate a positive result of the national public sector (SPN) at the beginning of the year. The difference this time is that in January 2024 the country tax that had contributed 6% of the general collection was in force.

Source: Ambito

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