2023-12-13 01:57:57
In addition to the measures announced by the Minister of Economy Luis Caputo this followingnoon, the Government will seek to modify the current mobility formula to update retirements and reverse the elimination of Earningswith the aim of achieving balance in public accounts.
These initiatives, which also include the increase in withholdings on agricultural exports with the exception of soybeans, They will be sent by the new management to Congress during the next few hours, so that they become law.
Regarding the modification of the mobility calculation, official sources explained to the media Infobae, the main reason is that the current update mechanism “does not allow the stability of public accounts to be achieved and for this reason it must be modified by random increments«, which will be dictated by the Executive power, at its discretion.
The current Pension Mobility law that determines salary adjustments, establishes a quarterly increase percentage, determined by the variation of an index that arises from adding 50% of the quarterly increase in Anses collection per beneficiary and 50% of the variation in salaries. For this last item, the highest value is taken between the Ripte (Taxable Remuneration for the Stable Worker) and the general salary index of the Indec.
This formula is the one applied for the adjustment de retirements, pensions, family allowances and other social benefits managed through the National Social Security Administration (Anses), such as the Universal Child Allowance (AUH) and the Pregnancy Allowance.
For its part, the elimination of Income Tax for the vast majority of employees, which will now be attempted to be rolled back had come into force in Septemberby a resolution of the then Minister of Economy, Sergio Massa.
At the end of that month and in the middle of the electoral campaign, it became law, with the support of Javier Milei himself, then national deputy.
The decision to reverse this law was confirmed by the official account of the Ministry of Economy in X (ex Twitter), where, among the numbers expected to achieve fiscal balance, Earnings reversal appears.
The National Government’s priority is to achieve a fiscal surplus in the first year of office. The following numbers reflect the inevitable adjustment we will face in order to achieve that goal. pic.twitter.com/lYP7ROTiKA
— Ministry of Economy (@Economia_Ar) December 13, 2023
Likewise, sources from the Ministry of Economy told the newspaper Clarín that the Executive will try to get Congress to approve the increase in the Country Tax from 7.5% to 17.5%, which applies to imported essential goods.
With information from NA, Clarín and Infobae
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