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Minister of Finance explained why the surplus is not used to raise wages – Diario San Rafael

“The district is in a position to increase the November quota. As soon as we sit down with representatives of the state ombudsmen, it will become clear “. With this sentence is Victor Fayad, Minister of Finance, defended an official decision to extend until July part of the wage increase agreed with the unions last March. And he also refrained from confirming whether the government will be in a position to offer a higher increase when negotiations resume, in the last week of next month.

The Commission confirmed this on Tuesday will increase until July the part of the 5% increase planned for Novemberand “due to the complex financial situation that the country is going through and the high inflation caused by the economic crisis.” The announcement did not convince the unions, who are planning various direct actions to demand a more significant increase.

As a pressure tool, unions such as ATE and the anesthetists themselves called on the government to allocate part of the fiscal surplus obtained last year to raise wages. But Fayad rejected it.

The official assured Mendoza that his finances were “OK” “It is not the policy” of this government to allocate the fiscal surplus “solely for the payment of wages”.

In addition, he reported that the province has recorded a $ 4 billion surplus in 2021, “which, compared to the budget, is less than 2%.”

“It’s a surplus that we welcome, but it does not allow us to make big spending decisions.”said the Minister, who emphasized that the state’s salary is 50% of the total budget expenditure.

Following this line, he assured: “The district budget has many destinations and one of them is the staff factory, probably the most important. But we have to balance the demand for public funds between the different expenditures that the province has. Today we are organized, but thanks to having been careful in previous years, especially in connection with the departure of employees and other costs.

However, he acknowledged that the economic situation was complicated by government plans. “Based on how the variables developed, especially inflation, we have decided in accordance with the current circumstances to take place in the November part and move the discussion to July,” he said.

It must be borne in mind that the agreement between the government and the trade unions signed in March and March stipulated that a 40% increase should be paid in seven installments: 12% in March, 4% in April, 4% in June, 5% in August , 5% in September, 5% in October and 5% in November, and it will be paid in July.

In addition, it was agreed to pay a fixed amount of $ 7,200 monthly in salary, with the effect of Christmas bonuses and retirement contributions.

tax consensus

On Wednesday, Fayad presented the project to the Senate Finance Committee Consensus on tax issues, which already had penalties for deputies. This is the agreement signed last December between President Alberto Fernandez and the governors.

This agreement allows for a tax increase, but the province announced that it will lower some rates to encourage investment. These include gross interest rates for some operations and exemptions from stamp loans that companies have taken out for high-performance investments.

In addition, the campaign seeks to make debtors aware of their payments. “After the pandemic, taxpayers who were in line with real estate taxes could not keep up, we are making 60-month payment plans more flexible, currently there are up to 36.

The project would be in agreement with the opposition, which would be approved next week in the Senate. Among the most important points of the initiative, in the field of tariff reductions, is the following:

  • In activities corresponding to the title Social, social and personal services, a certain percentage may not exceed 4.75%.
  • Mortgages will be exempt from gross income tax, which benefits borrowers by reducing installments.
  • On the other hand, the rate of stamp duty on the transport of vehicles decreases, 3% when registering zero kilometers and 1% in the case of used vehicles.
  • In addition, following the policy of boosting productivity investment, it is proposed to exempt from stamp duty the equipment financed by investment projects in the district where the destination is the acquisition of investment goods, construction, expansion or restoration of facilities necessary for the production and marketing of goods or services. .

Source: The Sun.

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