Expectation for the price of the blue dollar.
News in development
The government closely follows the price of the blue dollar after the confirmation of the agreement reached by the Minister of Economy, Sergio Massa, with the International Monetary Fund (IMF) to lower tax breaks, and the projection of one dollar to 269 dollars for Next year.
The Secretary of Agriculture has promised to manage the lowering of rates in front of the Central Bank
The Rural Liaison Table entered a meeting at the Ministry of Agriculture with little expectations this Thursday, but after 2 hours the rural leaders came out relatively satisfied, because Juan José Bahillo, the host, analyzed the various issues raised and managed to convey the possibility of concrete measures.
To solve the most conflicting knot on the agenda, Bahillo shared his disagreement with the Central Bank’s rate hike for soybean producers, asked the farmers to submit a formal request to the Ministry of Economy and promised to accompany them in the request. Read more here.
Sergio Massa has agreed with the IMF to reduce tax benefits and expects a dollar to $ 269 in 2023
A dollar without “jumps” adjusted to the rhythm of prices, a greater fiscal adjustment and a sharp drop in inflation. These are some of the guidelines that emerge from the 2023 Budget that the Government sent to Congress at 11:40 pm on Thursday, almost at the limit of deadlines. In addition, another novelty has been added to the project: an extract with a sharp reduction in tax exemptions for 1.6 billion dollars, which would allow a fiscal surplus if approved.
With this optimistic roadmap, Sergio Massa is committed to meeting the IMF targets and stabilizing the economy ahead of next year’s elections, a time when economists expect acceleration in inflation and stagnation in activity. Official calculations, on the other hand, predict inflation of 95% in 2022 and 60% in 2023, growth of 2% – less than 4% in 2022 – and an increase in the dollar to $ 269 in December next year. Read more here.
Source: Clarin
