Measures Launched by Sergio Massa to Mitigate the Impacts of Recent Devaluation and Provide Support for Workers, Retirees, and Small Businesses

In an attempt to mitigate the impacts of the recent devaluationthe Minister of Economy and presidential candidate of Union for the Fatherland, Sergio Massa, launched a set of measures designed to provide a support for workers in a dependency relationship, retirees, workers in the social economy, SMEs and monotributistas.

One of the initiatives presented for monotributistas includes the exemption of the tax component for categories A, B, C y D during a period of 6 months. The measure benefits those who bill up to 3,656,604 pesos per year.

In addition, the Minister of Economy announced the “productive monotribute”, a program that will allow those who operate in the informal economy the possibility of formalizing and accessing these benefits.

Credits for monotributistas

The program does not stop there. Monotributistas will also have the option of access state-guaranteed loans By a sum of up to 4 million pesos, depending on its category. These credits may be paid in 24 installments with a bank rate cut in half and a full support of the State.

How to request the credit for monotributistas?

The monotributistas can request the credit in the banking entities that are enabled. At the time of making the transaction, the worker must demonstrate that the money requested It will be used in investments that are related to its economic activity.

You must also submit a credit situation 1 and 2which means that it is not within a medium or high risk of payment delays (according to the scale in the Central Bank’s “Debtors Center”).

Minister Massa stressed that the devaluation, imposed by the International Monetary Fund (IMF) two weeks ago, affected all sectors of the economy, and its purpose is ensure that each of these sectors gets the necessary support to maintain its stability.

In addition to these measures, the payment of three bonuses of $37,000 for retirees and pensioners in the months of September, October and November.

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