The new Minister of Economy, Serge Massagave details this Saturday afternoon about its roadmap for fiscal regulation and international financing. According to him, she detailed through a series of tweets, among the measures it was decided that there will be no more issuance for financing until the end of the year, as had already been anticipated, and that the refunds to the Central Bank of the Argentine Republic will begin on Monday. In addition, he referred to the segmentation of subsidies for electricity and gas rates and He announced that he summoned those responsible for the administration of the ministries for a meeting scheduled for next Tuesday to give them the programming until the end of the year.
“Just 48 hours ago we started our task with responsibility and commitment. I want to make a report of these first hours with the idea that beyond any third party speculation, they know what we are doing”, commented Sergio Massa in the first of his posts through the social network.
Later, Massa pointed out that he summoned all those responsible for the administration of ministries on Tuesday to “give them the programming until the end of the year, so that they know the investment priorities and the spending ceilings”.
“We have already communicated both decisions. There will be no more issuance for financing until the end of the year and on Monday we will start refunds to the BCRA”, he commented. He then shared a notification son transitory advances for financing of the National Treasury in which it is indicated that it is detailed that “you must refrain from this and until further notice, from requesting advances without prejudice to previously operated maturities.
“We began, in coordination with all sectors of the public administration, setting limits on the entry of personnel, and as of September 1, each affidavit must be published with public access on the INDEC page, “added the official on the freezing of plant of the State in all sectors of public administration.
“If we save water and energy and order the subsidy distribution system, protecting the social rate, the State will save 500 billion pesos a year,” he also indicated when giving details on the segmentation and removal of subsidies. On this point, he stated: “Each area was notified of the operation of the regime. Consumption caps are added to segmentation to promote resource savings and a more progressive system of subsidies. Whoever consumes less or has less income has less pay, whoever consumes more or has more income, pays more”. He also commented that the entry into force will be by sector and zone, and will be informed on Thursday by the Secretary of Energy.
Regarding the regimes for the agribusiness, mining, hydrocarbons and knowledge economy sectors that he advanced in his first press conference in office, he detailed: “We finished the decree and elevated it to the Presidency, of the first of the regimes, linked to the sector hydrocarbons. The increase in our exports in this sector is key in a world that is experiencing a fierce energy crisis”.
“As we have detected mechanisms of abuse with under-invoicing of imports and over-invoicing of exports, on Friday AFIP and Customs began the notifications”, completed the Minister of Economy.
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