President of Argentine Stock Exchanges and Markets (ByMA), Claudio Zucovichi,talk about Repair work Proposed by the government for the year 2026 and raised Need to review Labor Cost In the country,” he stressed that discussing this matter “will shed light on the interests of every official who holds a seat in Congress.”
I was interviewed on the show business community, Hosted by Jose Del Rio on LN+, Zochovici He mentioned that The tax burden on salaries creates a distorted perception among workerswhich tends to hold companies responsible for reductions when in fact these amounts are explained by taxes that go to the state. “The full social burden in Argentina is 80%.“, He said.
the Informal work was another topic covered in the interview. Zochovici pointed this out 52% of workers are outside the formal system This situation also exacerbates inequality among employers, because while many companies bear high tax burdens to maintain registered workers, A large portion of the market operates without making contributions. “So, “If there are more black employees than white employees, what are you standing for by not implementing labor reform?”he asked.
On the other hand, the ByMA director stressed that a large part of taxes affecting employment does not depend on provincial and municipal governments. “Everyone has to agree to that Determine how to combine them to have an efficient, small and fair state, which allows the entrepreneur to take risks and take people seriously.He pointed out.
Zuchovici also confirmed that The government’s initiative to amend labor legislation will reveal the political situation of each sector in Congress. In his opinion, the legislative debate “Who will defend the interests of citizens and who will defend their interests” will emerge..
In another part of the interview, he referred to the economic impact after the elections and analyzed the behavior of markets in the face of the new political scenario. He said that “There was an element of surprise.” because “The market expected something else.”
He pointed out that the dollarization process that occurred in the days preceding the recent national elections was one of the strongest processes he had ever witnessed. “45% of the monetary supply has been dollarized. In almost no crisis in which I have had to live have I witnessed such significant dollarization.”I noticed.
He also noted that Election Day, October 26, marked a turning point for market expectations. “It was expected that the ordinances would be dropped. Now, we all expect that you will actually discuss the laws.”He stressed, regarding the reforms that the government promised to address in the coming months.
In another section, Zochovici confirmed this Credit It is an essential component of social mobility and an instrument of economic justice. “Debt is the only way for someone with good ideas and few resources to reach their goal, because if not, only the rich get there.”He expressed that. In this sense, he pointed out that in recent years the state has absorbed nearly 90% of available loans, which has limited the private sector’s ability to invest and create jobs.
News in development.
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