Nacionales (ingles) archivos - Page 3 of 29

Nacionales (ingles)

PENSIONS PLUMMETED 32% IN THE LAST 6 YEARS

The macroeconomic disaster would be much worse if it were not for the fall in pension expenditure thanks to the drop in the real value of pensions caused by the high inflation. It is essential to organize the pension system instead of trying to freeze this situation by manipulating the pension indexing rule. (more…)

TAX EXEMPTION ARE A DERIVED OF THE TAX DISORDER

The national government sent to Congress a separate part of the Budget which lists tax exemptions that were not historically identified and proposes their elimination to facilitate reaching the fiscal surplus. This is another example of improvisation and opportunism in public policy management. (more…)

WAGES ARE SLUMPING AND SO ARE PRIVATE EDUCATION AND HEALTHCARE

Private education and private medicine are used by middle-income households to escape the deteriorating quality of state services. However, private services are also showing deterioration. This is another reason to address actively a comprehensive improvement in the State management. (more…)

THE PROVINCE OF BUENOS AIRES LOSES 2% OF GDP PER YEAR

Co-participation impoverishes the Province of Buenos Aires because it takes away resources and also the northern provinces because it generates bad incentives to their governments. The solution is a new tax and functional coordination agreement signed by most of, not necessarily all, the provinces. (more…)

ELIMINATING OVERLAPS WILL IMPROVE PUBLIC MANAGEMENT

Faced with a deficiency in a public agency, the prevailing reaction is to create another one to perform similar functions. Human development investment is the case, with enormous inefficiencies. The Nation must stop overlapping expenses with the provinces and their municipalities to concentrate on measuring results. (more…)

2 OUT OF 3 WORKERS ALREADY HAVE REDUCED WORKING HOURS

The possibility of reducing the legal working day to generate more employment is being discussed. Evidence shows that people already work less. Not because they do not need to work more, but because of the scarcity of jobs. It is necessary to reorganize the State and labor institutions to grow creating good jobs. (more…)

CHANGES IN INCOME TAX SHOW THAT THERE IS NO “RIFT” ON BAD IDEAS

In modern countries, income tax is a central source of State revenue. In Argentina –with the support of the right, the left, and the center– the Congress is preparing to practically eliminate it. One more proof that the problem in Argentina is not the “rift” but the lack of professionalism and demagogy. (more…)

LOWERING INFLATION MEANS THAT THE PENSION SYSTEM MUST BE ORDERED

The 2024 Budget presents implausible numbers. Even so, its calculations show that, when inflation goes down, pension expenditure goes up, making it difficult to achieve fiscal balance. This dilemma will not be solved by manipulating mobility again, but by putting the pension system in order. (more…)

THE FEDERAL REGIMEN MUST BE PUT IN ORDER

Milei proposed to review the co-participation regime. Several governors rejected the idea, including the threat of resignation if the proposal becomes a reality. The evidence shows that, in order to get out of Argentina’s decadence, the ordering of the federal regime must not be postponed. (more…)

DEVALUING BADLY IS WORSE THAN NOT DEVALUING AT ALL

Devaluation is a painful remedy with no guarantee of success. Accompanying it with improvised and opportunistic measures led to a jump in inflation and the loss of government authority. The objective of improving the real exchange rate was not achieved and the risks of further inflationary acceleration increased. (more…)