The Minister of Economy of the Nation Luis Caputo, said that in order to continue tax and give prominence to the private sector, which is the one that efficiently assigns resources. “
“If the economy continues to grow at 6%, We will be able to lower taxes at approximately 1.5 points of the GDP per year. This is the equivalent of being returning to the private sector USD 420,000 million In the next 6 and a half years, “said the official.
In his presentation before the 11th Latam Economic Forum, Caputo stated that if the country grew 8%, something that said “it is feasible” for an ordered Argentina, “we could reduce taxes at a rate of 2 points of the product per year and we would be returning to the private sector USD 550,000 million.”
“We are doing the opposite of something that in Argentina has already proven that it does not work,” he defended, and indicated that workers’ salaries have already recovered “almost 15% in real terms” regarding what Kirchner left.
-Caputo said that “10 million Argentines of poverty have been taken out,” and made mention that after the elimination of the stockpile the exchange rate is worth in nominal terms, which was worth last year.
But he also left the door open to return to a scenario that was already lived three decades ago: “In a fiscal surplus situation without issuance of money, with floating exchange rate and a level of reservations in the Central Bank asset, It would allow us to even become a convertibility at a price below 1000 pesos per dollar”, He said. (It is worth mentioning that from 1992 to the end of 2001, in Argentina A US dollar was equivalent to one (1) Argentine peso).
Finally, he presented the need for the public and private sector to work together, so that the economy continues to grow: “This will allow the private sector to be the true protagonist of this story. We came to return resources to the private sector, exactly the opposite of what Kirchnerism did ”he warned.
