Economy Minister Luis CaputoSpeak in front of businessmen and promise them this Labor and tax reforms They are “very strong” and will be “Very happy to hear the details” Of the standards.
kiss Inter-American Council on Trade and Production (Cycip), The Minister stressed that to reduce taxes, more must be collected in two ways: “More formalization, more economic growth.”
In this sense, he expected economic growth to be greater than that predicted by other economists: “It takes 3% or 4%, and we think it will be more.”
In another part, Caputo also explained that the following activity data will be better than those known on November 25, which, contrary to what was expected, showed growth of 5% per year: “At the latest EMAE (Economic Activity Estimator) we were 4 points away from the historical maximum. This month we will overcome it. “It will be the highest level ever.”.
Regarding reforms, the Minister stressed that formalization is essential: “We cannot continue in a country where you cannot employ people because it is expensive and because it is difficult to listen to people. Small and medium-sized companies suffer a lot from this.”“.
Finally, regarding labor and tax reforms, he said: “Everyone will be very happy to hear the details of what is coming in labor and tax reform.”. “The tax does not end here. As long as we continue to create space and collect more, we will announce new tax reforms.”
The reforms will be introduced on December 9.
Minister He expected that they are “about to sign” the trade agreement with the United States and that “everything is on the table.”Although he confirmed that he did not have a specific date. The clarification comes after President Javier Miley suspended his trip to the United States this week, where news of the agreement was expected.
At the forum filled with representatives of industry, trade and exporters, among others, who were consulted on road and water infrastructure, the Minister expected that The main concessions will be ready within the next six months. Regarding the waterway, he explained that the Ministry of Economy is rewriting the specifications with the participation of users, governorates, and the United Nations to ensure transparency. The specifications will be sent this month and the envelopes will be opened at the end of February or the beginning of March to reach the prize in May.
Regarding roads, he confirmed that the third and fourth phases of concessions are still being started, which will take place during the next four months. “In the next six months, all of this will be in place and will help us reach 2026 stronger.”
About him belgrano cargas, Which was announced to be called for the end of November, will be sent at the end of December although some interested parties have requested that it be postponed to February, which is being analysed.
The business community present seemed satisfied. They support reforms and are confident that activity will grow, although some are already showing signs of concern about when a tangible recovery will actually take place barring factory closures. Others added that they remained skeptical about the deadlines for awarding works.
For the front financial There was no risk of January’s dues not being paid, but Caputo’s comments about the $6 billion negotiations brought more calm. Now, the focus is on getting a strong signal that will help reduce country risk and clarify maturities, such as the exchange of securities. 2029 and 2030 bonds.
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