Argentina's economic reality The reality of Argentina's economy has been complicated day by day From the moment in which the emerging agreement became price controls, tightening controls, and tightness in fact.
The so-called production model based on the high exchange rate and therefore a surplus liar inflation caused by printing money for the purchase of dollars that then goes to the State through taxes on exports to turn to daily consumption through subsidies investments in public works and aid groups for some time has come to an end. That is why inflationary slippage has tried to be covered in the last two and half years by the clumsy and primitive discretion of lying in the price indices, incorporating a real gang INDEC according to all known critical references and never denied the forthrightness indispensable minimum. Please note that anyone who feels affected by a false accusation may well have recourse to justice, what has not happened, showing at least the tail of the hooligans who wear straw, which could not be otherwise, given the moral inherent in these groups.
An interesting study published by Joseph L. Espert Financial Field in the newspaper last Thursday some figures showing that far more alarming.
The expected revenue for the year 2009 (assuming that the devices not to return VAT to exporters, withholdings invent a non-taxpayers, and other real outrages to which the population has meekly been put under) amounts in the consolidated between nation, provinces and municipalities, to 400,000 million pesos, five times more than collected in 2002. According Espert, the tax burden is on the order of 50% if one considers only those who operate in the formal market. We believe that such pressure is much higher if we add the administrative costs to taxpayers a whopping formal obligations incumbent upon them (information systems of all types and color, as withholding agent obligations and perception, need for specific books involving double or triple the same information such as book wage-and etceteras thousand national, provincial and municipal). Then there is the financial cost of retention, perceptions, motives advances and delays downright delusional on the tax returns when they correspond.
And yet, because while it is legally possible to compensate for technical balance in favor of the VAT other taxes, as compensation for free availability is incorrect for some minimum difference whatsoever (including pennies) is necessary to cancel and present a new corresponding pay compensatory interest from the original time as if compensation had never been done and the available balance in favor of taxpayer had not been claimed and had not existed until now.
, the case of agricultural taxpayers attempting to take bills of lading by the procedure afipiano web page to which they are bound, and can not. And nobody, NOBODY gives an explanation of why they can not because while the cards are authorized can not be printed because they do not appear. There are cases in which the so-called drift HELP DESK causes raised to the office of Taxpayer Advocate to resolve what the FAQ does not resolve, and meanwhile hope grains in silos for sale. Not to mention waiting for a response from the AFIP Agency or the much publicized management offices for taxpayers who do not have faintest idea what they pide.Todo tax burden this is, undoubtedly. And what a burden. It is immeasurable, immeasurable.
Well, let's go then. The fiscal deficit is now estimated at $ 25,000 million excluding capital payments of public debt, estimated at $ 20,000 million. Poverty levels reach 35% or 40% of the population, at least 10 points more than in the years of the so-called convertibility before the catastrophe of 2001/2002, of course.
In turn, the State is left with the funds of the administrators and the monthly collection of those who had chosen to continue in these Just a few months earlier. Are also used funds from the Banco de la Nación and Banco Central to meet current expenditure, while public works freezes and tries to mend relations with the ousted IMF.
total public expenditure amounts as Espert to 425,000 million pesos, and mostly it's called social spending, which totals about $ 385,000 million from salaries, pensions, subsidies and public works.
What happened with the veto to Article 4 of the new agricultural emergency law is unprecedented. While all legislators voted for the suspension of retention calls to producers of a large number of districts of the province of Buenos Aires, the executive branch proceeded to veto this benefit with childish arguments, most of high school, including the worst of all and the resulting embarrassment is that it was an error. The truth is that the urgent need for money and therefore funding is enormous.
At the same time, it addresses the question of so-called football for all that apart from the violation of elementary principles of the rule of law will cost the state he claims some 600 million pesos annually. And we want to make explicitly clear that no attempt to defend the contract that existed between the AFA and a company to issue football, which in many respects was truly against the law of competition, but had not operated within the framework of legality and properly reported any irregularities to move then into the constitutional framework based on standards such contract existing law. Instead, they acted the way I usually do the current government, leading to future conflicts that have cost him even more money. That is, will cost the country and therefore all taxpayers.
Not to mention the case of Aerolineas Argentinas, so ridiculous that deserves a place in the famous Guinness Book of récords.Ahora well, as long as Espert analysis, the mean retention in the year about $ 36,000 million, of which approximately $ 20,000 million related to agriculture. If total revenue is $ 400,000 million, we are talking 5% Is it reasonable to maintain a conflict which is causing enormous damage whatever the reason you have a figure of that magnitude? The reverse of the recent adjustments in energy implies an obvious lack of newsprint by the previous calculation more than anything. But it also means that the State should continue to bank the subsidy to the energy sector, with an estimated cost of about $ 500 million. Meanwhile laundering capital is about to finalize constitute, as we know, a real failure.
The global crisis is coming to a floor. Although we doubt that this is because everything depends on what you do in the near future, the fact is that Argentina is beyond any reasonable calculation.
While several provinces looming specter of the so-called quasi-monies (which actually would be a blow to the call terminal production model), the President of the Republic asked the entrepreneurs and the general public will not bet the dollar , to say the words recalled.
Is reasonable or logical to ask who is handling the general business market and ultimately make those businesses that are good and not flee to the greenback? While resort to all sorts of scare capital measures (price controls, arrogance, abuse, no tax returns, new charges, etc.), While the president asks them to invest in the country. Is not that pathetic?
Where invested in the province of Santa Cruz oil royalties received in the 90's demonized when he was governor Néstor Kirchner himself? Do not be defrauded bondholders CER by blunt the appeal of trout inflation figures by Fellinian INDEC intervention? Have not been locking exports and imports of all types and color over the years by simple resolutions or even phone calls from a secretary of state says he has allegedly longer and never denies?
Can anyone honestly assume that here will be reversed because the lady president asks? Frankly, sometimes the best thing you can do if you have nothing better to say is shut up.
Source: Trillo
