Business concern deepened after listening to the speeches of the leaders about the extension of the quarantine until May 21. The national government, which has spent more than $ 50 billion in covid aid, expanded the amount of the Repro program for critical sectors, while the Buenos Aires governor, Axel Kicillof, announced an aid package of $ 70 billion. In the conference of the head of Government, Horacio Rodríguez Larreta, there was no mention of economic assistance.
Anyway, As this newspaper was able to know, the measure that the Buenos Aires government will take is the exemption of a tax, that of gross income, for three months for gastronomic establishments, which will have a fiscal cost of $ 250 million per month. During May, June and July, the measure will reach restaurants, canteens, fastfood and retail stores. It will be a bill that must be approved by the Legislature. For the hotel sector, there will be an ABL exemption for six months and a moratorium on debts of up to $ 18 million.
A gastronomic entrepreneur who preferred not to be mentioned criticized the measure considering that gross income is a tax that depends on billing, and at this time what fell the most is precisely the billing for not being able to work during peak hours, which is night.
Buenos Aires government sources considered that although there are measures that are not of an economic nature, they also “helped”. As an example, they mentioned the provision of public space for restaurants, such as “expanding sidewalks or pedestrianizing streets.” In the Ministry of Production of the City, led by José Luis Giusti, they work on another “range” of possibilities, such as resuming loans at a subsidized rate from Banco Ciudad or exempting the ABL.
The national government has spent $ 58 billion on the covid package in the first quarter. In April, it added another $ 35 billion between the bonus to health workers, to the holders of AUH and monotributistas. therefore, it has already executed 56% of the covid package that is in the 2021 budget in four months. Repro IIIn just three months, he accrued 60% of his annual credit. For critical sectors such as gastronomy and tourism, it was increased from $ 12,000 to $ 18,000 per worker. In addition, the Ministry of Productive Development works on loans to sustain employment or carry out reforms, such as heating outdoor tables, in the case of restaurants in winter. The Fogar Guarantee Fund could leverage loans for $ 500 billion.
For its part, in the Province, Kicillof announced with the extension of the restrictions a program of social and productive assistance that will have an annual cost of $ 70 billion, since it includes loans from Banco Provincia. There will be a fund for culture and tourism and a tax moratorium for 3 million taxpayers. Also, there will be an ATP-style program, to complement Repro, in which the Province will pay private sector workers a portion of their salary for up to $ 10,800, among other measures.
–
