Buenos Aires – Saudi Arabia today
Head stated Argentina Alberto Fernandez, that International Monetary Fund He should give Argentina more “flexible” payment terms, and he warned that increasing inflation might push his government again to increase taxes on exports. President Fernandez said, in an interview with the Spanish newspaper “Pagina 12”, that Argentina has been in talks with a fund for months. International Monetary Restructuring of the terms of a $ 57.1 billion loan in 2018, which former President Mauricio Macri, Fernandez’s predecessor, sought to confront the economic crisis that Argentina experienced and led to a significant increase in poverty rates.
The Argentine president declared that Economy Minister Martin Guzman will travel to Washington at the end of February. With the aim of delaying maturity dates to give the country more flexibility and funds to deal with internal problems. He warned that he might have to raise taxes on agricultural exports or impose new quotas on exporters to cope with rising inflation.
In his speech to the newspaper, the Argentine President stated that the state cannot deal with the accumulated debts in light of the spread of the epidemic and its negative repercussions on the economy, and with the continued increase in product prices, as they suffer
Argentina from unprecedented inflation rates may reach 50 percent in 2021, compared to 36.1 percent last year.
On the other hand, President Fernandez said that his country is expected to receive more doses of the Russian “Sputnik” vaccine soon, in addition to a shipment of “AstraZenkia” vaccine between now and next March 31, adding that he is relying on these doses “to vaccinate 13 million people.” Are at risk ». It should be noted that Argentina, the third largest economy in the South Atlantic region, has entered a recession since 2018, accompanied by jumps in poverty, unemployment and prices.
And at the end of last month, a tax that includes the richest people in Argentina came into effect, and it is a one-time tax aimed at financing the purchase of medical supplies related to confronting the “Covid-19” virus, in addition to helping small companies affected by the epidemic.
The Argentine Senate passed a law in December 2020, imposing a tax on people whose assets exceed 200 million pesos (about $ 2.3 million). The government hopes to collect about $ 3 billion from this tax, which will affect 12,000 rich people of Argentina’s 44 million people, 40 percent of whom live below the poverty line.
Under the law, those subject to tax pay 3.5 percent on declared assets in the country and 5.25 percent on assets abroad. The proceeds will be used to purchase medical equipment, aid small and medium enterprises, finance social assistance and provide gas for people not connected to the network.
It may also matter to you
Argentina and its creditors agree to restructure $ 66 billion
The International Monetary Fund raises its forecast for global economic growth during 2021
–
