The government celebrates: collection grows at the inflationary rate

taketonews

Collection in October reached $1,964,056.4 million, with a 92.8% growth in the interannual. “This dynamic was driven by the growth of Social Security resources and those associated with the internal market,” explain collaborators with the Minister of the Economy, Sergio Massa.

The growth is driven mainly by the performance of VAT, where the increase in prices directly impacts, the Income Tax, the tax on credits and debits, and taxes associated with Social Security. VAT collection grew by 110.1% year-on-yearthe Tax on Credits and Debits 86.5%, and Internal Shares 76.1%.

The taxes that grant progressivity to the system recorded, as a whole, an increase of 115.3% year-on-year, and Social Security resources 89.7%: their expansion would be explained “by the salary improvements“, stand out in government. Although these are likely to lose out to a three-digit annualized inflation.

“The economy is +8% vs 2019. Investment in the 1st semester grew 28% vs 2019 and 15% vs 2021. The industry is +17% over 2019. Since 2019, 230,000 formal private jobs have been created. That reality brought the provinces to Bs As today,” Production Secretary José Ignacio de Mendiguren said on Twitter.

The “Vasco” yesterday led a meeting at the Kirchner Cultural Center (CCK) with provincial officials where the closure was in charge of the Minister of Economy, Sergio Massa. There it was emphasized fundamental role of the provinces after the crises generated by the pandemic and the war in Ukraine.

And De Mendiguren argued that the industry he is recovering, and that Argentine growth “today is above the world average”. “There are from the end of 2019 to date a 46.5% increase in industrial investment“, he highlighted.

by RN

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