Wednesday , December 8 2021

Mission: Transfer tax effects and anger from the IMF until 2020


The Supreme Court will complicate today Mauricio Macri's relationship with the International Monetary Fund (IMF); in one of the chapters that are more eager from Washington: the national government is moving forward in a serious reform that tightens the impact of the pension system on public spending. For this reason, the trustee himself had engaged in the negotiations in September of September with the international economic organization for renewal of the agreement. without setup times, but guarantees that it will take place in 2019 during the stall's validity. Regarding the reform implemented by the national government with pensioners and causing an extra tax expense for public administration between 30,000 and 40,000 million pesos, the problem is even more complicated politically and forces the government to reconsider budget chapters even deeper than expected. In view of the strategy that the CEO will apply from today, it will be to transfer all the IMF's fiscal consequences and receivables by 2020. Or at least wait to know the outcome of the presidential elections in October 2019 to advance the fall as Mauricio Macri triumphs, with the promised reform before the body is managed by Christine Lagarde.

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