According to the latest news, the Argentine government announced a major economic reform plan on December 10th, which includes a cut of 90% in national taxes to be implemented in 2025. This decision is an important part of the country's fiscal, political and security reforms.
The main reform measures include:
- Drastic cuts in public spending
- Reorganization of governmental institutions
- Deregulation of exchange rates
- Introduction of a multi-currency trading policy
- Expanding local financial autonomy
In the area of international trade, the Government plans to bring in billions of dollars of investment in a number of strategic sectors, including infrastructure, energy, science and technology. At the same time, the Government will promote reform of the national security system and strengthen cross-border law enforcement cooperation.
It is worth paying attention to is that Argentina is currently facing severe inflationary pressure, official data show that the inflation rate in November was 2.4%, the cumulative inflation rate in the last 12 months up to 166%.
Author: Diligence
Xindashun International Logistics (Shenzhen) Co.
Tel：13556688899
Address: 21B03, Jazz Building, No. 4018, Guinbin Road, Heping Community, Nanhu Street, Luohu District, Shenzhen, China.