National Reports

14/01/2018 -
Edition 739

The persistence of inflation generates justified concerns. The main reason is that important savings obtained in energy subsidies went to higher spending in other subsidies and in national programs that overlap with provincial and municipal functions. Meanwhile, the high growth of ANSES (the social security office) expenditures continues. There is no possibility of reducing inflation without a more comprehensive reengineering of the public sector.

07/01/2018 -
Edition 738

The progress made in the tariff normalization and the modernization of the tariff scheme organizing it as a transport network goes in the right direction. But the national authorities are not the ones that must make these decisions neither to finance them. It is time for the Autonomous City of Buenos Aires and the Province of Buenos Aires, for the Conurbano –or Great Buenos Aires–, to assume their responsibility.

24/11/2017 -
Edition 730

The national government proposed a new Fiscal Pact. The most discussed issue is the conflict between Buenos Aires province and the rest of the jurisdictions regarding the Fondo del Conurbano –a fund for infrastructure works in the province of Buenos Aires. However, the most strategic point that deserves further analysis is the quality of taxes and a more aggressive reduction of public spending. 

24/11/2017 -
Edition 729

The National Government finally announced the guidelines for its tax reform proposal. Among the issues that remain to be discussed are provincial taxes. The main challenge is to encourage the removal or reduction of the Sales Tax and Stamp Tax. To compensate the reduction of these taxes a coordinated strategy will be need to increase property and wealth taxes, where tax collection is still very low. 

02/11/2017 -
Edition 728

The evidence that the subsidies to the Río Turbio coal mine were used in an obscure way are more than 10 years old. The opportunism of the Judicial System and a large part of the ruling class, allowed billions of dollars to be squandered and diverted to spurious ends. Given this failure, it is pertinent to warn that the solution is not to put honest and competent officials to administer the coal mine but to use public funds to reconvert the workers who were deluded with an unrealistic project.

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