The liaison table once again requested an audience with the president of the Central Bank (BCRA) due to the rising cost of credit to producers and warned of the risks that food imports could pose for producers. This happened after a meeting between the presidents of rural bodies.
The ruralists reiterated their request for a hearing with the president of the Central Bank, Santiago Bausili, given “the lack of answers to what was requested”. more than three months ago, for the extension of the rule that tops up the tariff for wheat and soybean producers with more than 5% of stocks in consideration of credit needs for the next 24/25 campaign.”
Furthermore, they warned announcement of concessions for imports of food products since if there are no equal conditions for local production, this generates a very important risk for producers both due to the high tax pressure and the costs generated by inflation, especially in regional economies due to their cost structure.
At the same time, they warned of the “serious damage” caused by thiss excessive tax increases and tax creation in several districts of the country, which add to the high tax burden, “only to collect more and not to rationalize spending or provide better services”. They insisted on appealing to national, provincial and municipal legislators, who are the ones who approve these measures with their vote.
“The high tax pressure, which absorbs 65% of income in general and even more in some productions, means a significant increase in production costs, not only due to increases in fuel (which have 47% taxes) , logistics, and now we move on to the national tax, applied to inputs in dollars,” the note reads.
“A large part of production, and especially regional economies, are going through a critical situation. Given this situation, it is important to take urgent fiscal measures and, for example, as a signal and stimulus for the next harvest, announce now a reduction in import duties export, which would promote and provide predictability that encourages production and consequently the country’s economy,” the text adds.
Source: Clarin
