2023-08-21 21:36:05
Upon his return from the United States, Sergio Massa will announce a package of measures aimed at boosting consumption and partly offsetting the rise in prices following the devaluation. This Monday the Economy Minister will leave for Washington to meet with the directors of the International Monetary Fund (IMF).
The presidential candidate of Union for the Fatherland trust to give a coup de effect adding these measures to the disbursement of US$ 7,500 million by the multilateral credit organization. That optimistic impetus was confirmed by sources from the Palace of Finance.
The plan, which the economic team is finishing polishing, will include fixed sum for employees, credits to stimulate the economy, tax rebates and more signs so that food prices do not increase above 5% per month.
would also include a measure to encourage worker launderings that are in the informal sector, through a productive monotribute, although it is a decision whose depth and scope is still unknown.
The economic team met this weekend to refine the content of the package of measuresone of the last chances that Massa will have to turn the election around or at least enter the ballot scheduled for November.
Massa also evaluates measures of support for industry, SMEs and the countryside.
Massa will launch a package of measures following his return from Washington: price agreements and freezes
One of the main concerns is how to compensate, at least in part, for the rise in prices that produced the devaluation.
Within the framework of its fight once morest price escalation, Economía began meetings with supermarket chains with which it agreed on a guideline for a monthly increase in the prices of 5% monthly for the next 90 days.
The agreement was signed by 31 wholesale and retail supermarket chains such as Día, Carrefour, Coto, Chango Más, Makro, La Anónima, Cencosur, Vital, Maxiconsumo, among others. It will include, for the moment, the own brands of large commercial surfaces.
Another leg of the negotiation will continue in the coming days, with the mass consumption companies that last week they began to parade through the official offices to renegotiate Fair Prices.
In exchange, the government offered tax benefits to prevent the increase in costs that supermarkets already had, through their suppliers, from being transferred to prices.
Economy warned that companies that increase their prices above the set ceiling will be penalized and will lose tax benefits.
The 12.5% rise in fuels applied by the oil companies will have a strong impact on inflation in August, before announcing that they will be frozen until the end of October.
Massa also signed agreements with national and cooperative laboratories in Argentina whereby he established a price freeze.
It has not yet added the foreign laboratories enrolled in the CAEME, which have already anticipated their decision to discuss prices.
Regarding the agreement with the nationals, Massa stressed that “it is a shared effort that laboratories make, giving up their profitability and the State so that it does not move into the pocket of the people.” And he thanked the “good disposition” of the laboratories that participated in the negotiation, such as Rommers, Elea, Bagó, Gador and executives from the sectoral chambers, Cilfa and Cooperala.
Massa will launch a package of measures following his return from Washington: rise in energy rates
The Government also plans to recalculate a decisive variable: that of the rates and subsidiess, since the devaluation once once more changes the generation cost equation and, therefore, the need for subsidies in the event that the Government does not allow a transfer to the bills.
Both for electric power and gas, to operate a rate hike First, the Government is required by law to call a public hearing.
The Secretary of Energy, Flavia Royón, anticipated that “there will be an update” of the electricity rates, following “next week” a study of “How the devaluation affects the cost of generation”.
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