The Minister of Economy described the current moment as a “historic opportunity” for the country and stressed that it will be able to grow over the next thirty years.
11/12/2025 – 2:50 pm
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Minister of Economy, Louis Caputoparticipated in Annual Conference of the Foundation for Latin American Economic Research (FIEL)He provided details about the progress the government has made in matters Repair work He identified the main aspects of the economic plan. Moreover, expectations about A Comprehensive tax reformWarning that it is not yet possible to cancel some high-collection taxes.
During his presentation, Caputo defined the present moment as “Historic opportunity” For the country, he stated that with the necessary social and political support, “Argentina could become the country with the greatest growth in the next thirty years.”
The government’s three priority projects
The head of the Treasury Palace stated that The most prominent challenges facing the new National Congress The focus will be on three initiatives:
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Budget Law,
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Presumption of financial innocence lawand
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Labor reform lawWhich will be the central focus of the structural reforms package.
Labor reform: central axes
Caputo explained that the action proposal submitted by the executive branch will be supported Three basic pillars:
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Reducing the burdens of employers In three points, with the aim of encouraging formal employment and reducing recruitment costs.
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Replacement of mandatory separation fundfor an alternative system that reduces Litigation and costs associated with layoffs.
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New recruitment incentive systemwith the aim of creating new job opportunities and formalizing workers.
The minister noted that the new scheme “will allow for a more flexible and predictable working relationship,” and stressed that the government will seek to “reduce costs without affecting rights.”
Tax reform: wisdom and gradualism
regarding Tax reformCaputo asked to temper expectations and explained that although the goal is in the medium term as well Simplify the system and eliminate the most distortive taxescould not proceed immediately due to his weight in the group.
Among those honors is a mention Gross income (Regional in nature). Check the taxthe Agricultural deductions and Corporate income tax. “Today it is very expensive to remove them because it saves a significant part of financial resources,” he admitted.
He also warned that premature reduction could “break the fiscal anchor”, so changes will be implemented gradually and in coordination with the growth of the economy. He stressed that “there will be a simplification of taxes, but taxes on the heart will be the most distorting.”
Growth and financial balance
Caputo insisted ‘Raising taxes is not an option’The government’s strategy is to achieve growth in order to truly increase revenues. “To reduce taxes, we need the country to grow,” he explained, adding that if the economy can expand at a rate 6% annuallyThe financial surplus will be allocated “Returning resources to the private sector”.
On the other hand, the Minister pointed out Discussing the 2027 budgetHe stressed that the executive authority is committed to this International Monetary Fund To hold a A primary surplus sufficient to cover the interest on the debt. “This is not in doubt,” he said.
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