At the moment, The rate is 7.5%, after being reduced by 10 percentage points at the beginning of September, from 17.5%, for goods and freight, but not for services, which remain at 17.5%.
Indeed, next year’s Budget marks only the end of the PAIS Tax, and does not provide for the elimination of other taxes. Withholdings and other distorting taxes such as the Check Tax continue.
Let us remember that the PAIS Tax was born in 2019, within the framework of the economic emergency requested by the then president Alberto Fernandez to Congress in order to increase the price of the official dollar and thus discourage purchasing for hoarding. But, over time, It became a new source of resources for the State.
Budget 2025: primary surplus of 1.3% of GDP
On the other hand, according to the 2025 Budget, the national Government expects to have a primary surplus of 1.3% of the Gross Domestic Product (GDP) in 2025 while projecting a neutral financial result.
In fiscal terms, the initiative is based on an inflation projection of 18.3% for the entire year, which may turn out to be a rather optimistic guideline since most of the Analysts expect the CPI to rise by 38.4% (REM).
The initiative proposes that next year the The National Public Sector (NPS) will have a favorable primary result of $10.1 billion (1.3% of GDP). By 2024, the projected result is $8.6 trillion, equivalent to 1.5% of GDP.
As for the financial result, i.e. including interest payments on the debtby December the result will be balanced at zero, for a total of just $1.679 billion. While for the 2025, the financial result will be $192,334 million, which are also equivalent to a zero result.
Source: Ambito
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