2023-08-22 00:40:00
After his trip to the United States to meet with the IMF, Economy Minister Sergio Massa will announce a package of measures aimed at boost consumption and offset the rise in prices following the devaluation.
The plan, which the economic team is finishing polishing, will include a lump sum for employees, credits to stimulate the economy, tax rebates and more signs so that companies do not increase prices above 5% per month.
Within the framework of its fight once morest the escalation of prices, Economy ordered the freezing of fuels and medicines and began meetings with supermarket chains with which agreed to a guideline of monthly price increases of 5% per month for 52,300 products for the next 90 days.
Massa heading to the United States to negotiate with the IMF and unmark the “Milei dollarization”
The agreement, which grants tax benefits for the companies that adhered and a credit scheme at subsidized rates for supplier SMEs, was signed by 31 wholesale and retail supermarket chains such as Día, Carrefour, Coto, Chango Más, Makro, La Anónima, Cencosur, Vital, Maxiconsumo, among others.
Negotiation with mass consumption companies so that they are part of the agreement It will continue in the next few days.
Massa also further evaluates support measures for industry, SMEs and the countryside.
On the other hand, a measure would be taken to promote the laundering of workers who are in the informal sector, through a productive monotributealthough it is a decision whose depth and scope is still unknown.
What will happen to the rates?
On the other hand, the Government plans to recalculate rates and subsidies since the devaluation changes the generation cost equation once more and, therefore, the need for subsidies in case you want to lessen the impact on the ballots.
For both electricity and gas, to make a rate increase operational, the Government is first required by law to call a public hearing.
The Secretary of Energy, Flavia Royonanticipated that “there will be an update” of the electricity rates, following “next week” a study is carried out on “how the devaluation affects the cost of generation.”
Meanwhile, while waiting for the IMF to trigger a disbursement of US$ 7,500 million to oxygenate the reserves, one of the main concerns is how to compensate, at least in part, for the rise in prices that caused the devaluation.
Sources: NA and Telam
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