Federal Capital (Paco Urondo Agency, published by the Buenos Aires Economico 08/25/2011)
Last week we discuss the risks would represent for the country to change the withholding scheme to decouple their dual nature in international prices and redistribute incomes to extraordinary popular and industry sectors. It is a fact that despite having suffered the worst drought in 20 years and in the context of financial and economic crisis more important in the last 80 years, the economy Argentina, thanks to the economic, fiscal, monetary and social from the national government were implemented, the year 2009 passed without major and resumed economic growth is very important during the first half of 2010.
For this reason, the media-legislative agenda is driven from several points to seriously affect stability and national growth. Much is being talked about in the media on the unshakable claim to the downfall of the powers delegated to the Executive, the claim related only to the elimination or modification of the withholding to the agricultural export sector and the urgency of increasing pensions reaching 82% mobile. And not coincidentally
find representatives from major economic sectors including multimedia business-meeting with opposition lawmakers and presidential candidates.
The simplest reading of this evidence suggests that concentrated economic sectors are not willing to allow consolidation of the country's economic recovery and therefore do not consider the objective of sustainable social improvement and the whole nation. His only interest seems to be focused on weakening a government that from July 2009, despite the outcome of legislative elections, has not stopped improving its image positive in the various consultations of opinion. His ambition no longer refers only to the power of money, but also political power. They read the words of Milton Friedman: "Any real or perceived crisis is the one that generates real change" and want to route to Argentina to that, to the crisis.
But to be rescued when talking about these strong setting, some with greater social consensus than others. The increase in the retirement income is now among the agenda items and this is thanks to the government policy decision of nationalization of the pension system, special consideration is that many of today as lawmakers voted against the drive end of the private retirement system AFJP. But you must make some important questions to discuss, 82% mobile: can finance 82% of the minimum wage and mobile? What resources?
Here are the main stumbling block legislative proposals to advance this project: the issue of financing. Nobody in the national and popular could be against a measure of social inclusion and improvement, is a flag that historically have risen. But here we
another question arises: How should to be sustainable over time without affecting the national economic development?
First, it is important to clarify that the state administration for the past seven years has been the minimum pension of $ 150 to $ 1,090, as we increase our gradual and sustainable way to carry out in a factual and real and thus improve the socioeconomic status has historically been a sector. He added to the pension system more than 2.5 million pensioners.
However, with the approval of 82% mobile reality indicates that the amount to increase public spending around $ 140,000 million. This figure is not the one being debated legislators. For example, according to the deputy Claudio Lozano reach almost $ 20,000 million. But on that calculation and budgeting at such difference is necessary to clarify that not only govern for the minimum pension, but by applying the principle of equality before the law would reach all pensions currently being paid in Argentina.
In this sense, the majority opinion adopted by the House of Representatives does not provide funding way beyond the resources obtained by the Anses genuine. For its part, the minority opinion, however, raised some issues, but not cover the total need for funding.
addition, the findings made by the bill passed in most of the funding of 82% mobile through the Anses genuine resources are inaccurate. This figure of 82% implies that at least three workers in a retirement fund activity through personal contributions and employer. The reality is that the current system has 1.5 workers to support a retired due to the large informal sector exists and therefore this funding is unsustainable. Therefore, through genuine resources Anses fund not reached the opinion adopted by motion of the so-called Group A.
other hand, according to the draft submitted by the block Project South MP, was raised to cover that amount by restoring reduced employer contributions by former economy minister, Domingo Cavallo. However, according to estimates, rebuild does not cover employer contributions, reached the figure required to finance only 60% -. And the other proposed funding sources, such as taxing financial income does not cover the remaining 40%.
Thus, we can say that if the Senate approved the project that has been partially approved, the national scene at the economic level could return unpredictable. The increase in primary expenditure, the unfunded pension disbursements and pensions in 2009 were about 40% of total primary spending-could cause a severe fiscal crisis and in this sense a strong impediment to the national state to intervene in the economy in order to carry out countercyclical policies to mitigate the effects of the economic crisis. Because if Argentina has left the global upheavals without complications, this occurred because there was a public administration that bases its policies on sustainability for the long term.
History has already marked in our retinas the consequences of fiscal deficits. Consider the Alfonsin presidency pension declaring emergency. But without leave in time the Alliance government with the reduction of pension assets in achieving fiscal balance, fit and hungry in a town that led to the anticipated departure of Fernando de la Rua.
With the proposed financing plan, the government should stop providing soft loans for agricultural production and other productive activities that require state intervention to be profitable, to generate more jobs and better quality, to keep more than 4.5 million jobs recovered since 2003.
The bill voted no funding sources have no clear guidelines on how to address the increase in spending in full and sustainable over time. This bill must be analyzed as a mere declaration of intent or as a political process that aims for electoral purposes, and seek to erode the image or national government, forcing the presidential veto, or bet on an economic and social crisis that the deposit in power in advance.
If implemented all bills pushed by the opposition would leave to a tax default in the medium term would require reducing pensions. Indeed, first propose to increase public spending through the law of 82% mobile and other proposed reducing state funding national through reducing traffic and the check tax co-participation of the provinces.
Therefore, to speak of an increase in pensions of viable and sustainable over time is necessary to deepen the current economic model. For example, by energizing the parliamentary treatment of the Financial Institutions Act to regulate a highly profitable and is governed by a law of the last military dictatorship in order to progress in the process of re-industrialization with social inclusion started in 2003 , and thus move the steps toward social justice in Argentina.
For this reason, the media-legislative agenda is driven from several points to seriously affect stability and national growth. Much is being talked about in the media on the unshakable claim to the downfall of the powers delegated to the Executive, the claim related only to the elimination or modification of the withholding to the agricultural export sector and the urgency of increasing pensions reaching 82% mobile. And not coincidentally
find representatives from major economic sectors including multimedia business-meeting with opposition lawmakers and presidential candidates.
The simplest reading of this evidence suggests that concentrated economic sectors are not willing to allow consolidation of the country's economic recovery and therefore do not consider the objective of sustainable social improvement and the whole nation. His only interest seems to be focused on weakening a government that from July 2009, despite the outcome of legislative elections, has not stopped improving its image positive in the various consultations of opinion. His ambition no longer refers only to the power of money, but also political power. They read the words of Milton Friedman: "Any real or perceived crisis is the one that generates real change" and want to route to Argentina to that, to the crisis.
But to be rescued when talking about these strong setting, some with greater social consensus than others. The increase in the retirement income is now among the agenda items and this is thanks to the government policy decision of nationalization of the pension system, special consideration is that many of today as lawmakers voted against the drive end of the private retirement system AFJP. But you must make some important questions to discuss, 82% mobile: can finance 82% of the minimum wage and mobile? What resources?
Here are the main stumbling block legislative proposals to advance this project: the issue of financing. Nobody in the national and popular could be against a measure of social inclusion and improvement, is a flag that historically have risen. But here we
another question arises: How should to be sustainable over time without affecting the national economic development?
First, it is important to clarify that the state administration for the past seven years has been the minimum pension of $ 150 to $ 1,090, as we increase our gradual and sustainable way to carry out in a factual and real and thus improve the socioeconomic status has historically been a sector. He added to the pension system more than 2.5 million pensioners.
However, with the approval of 82% mobile reality indicates that the amount to increase public spending around $ 140,000 million. This figure is not the one being debated legislators. For example, according to the deputy Claudio Lozano reach almost $ 20,000 million. But on that calculation and budgeting at such difference is necessary to clarify that not only govern for the minimum pension, but by applying the principle of equality before the law would reach all pensions currently being paid in Argentina.
In this sense, the majority opinion adopted by the House of Representatives does not provide funding way beyond the resources obtained by the Anses genuine. For its part, the minority opinion, however, raised some issues, but not cover the total need for funding.
addition, the findings made by the bill passed in most of the funding of 82% mobile through the Anses genuine resources are inaccurate. This figure of 82% implies that at least three workers in a retirement fund activity through personal contributions and employer. The reality is that the current system has 1.5 workers to support a retired due to the large informal sector exists and therefore this funding is unsustainable. Therefore, through genuine resources Anses fund not reached the opinion adopted by motion of the so-called Group A.
other hand, according to the draft submitted by the block Project South MP, was raised to cover that amount by restoring reduced employer contributions by former economy minister, Domingo Cavallo. However, according to estimates, rebuild does not cover employer contributions, reached the figure required to finance only 60% -. And the other proposed funding sources, such as taxing financial income does not cover the remaining 40%.
Thus, we can say that if the Senate approved the project that has been partially approved, the national scene at the economic level could return unpredictable. The increase in primary expenditure, the unfunded pension disbursements and pensions in 2009 were about 40% of total primary spending-could cause a severe fiscal crisis and in this sense a strong impediment to the national state to intervene in the economy in order to carry out countercyclical policies to mitigate the effects of the economic crisis. Because if Argentina has left the global upheavals without complications, this occurred because there was a public administration that bases its policies on sustainability for the long term.
History has already marked in our retinas the consequences of fiscal deficits. Consider the Alfonsin presidency pension declaring emergency. But without leave in time the Alliance government with the reduction of pension assets in achieving fiscal balance, fit and hungry in a town that led to the anticipated departure of Fernando de la Rua.
With the proposed financing plan, the government should stop providing soft loans for agricultural production and other productive activities that require state intervention to be profitable, to generate more jobs and better quality, to keep more than 4.5 million jobs recovered since 2003.
The bill voted no funding sources have no clear guidelines on how to address the increase in spending in full and sustainable over time. This bill must be analyzed as a mere declaration of intent or as a political process that aims for electoral purposes, and seek to erode the image or national government, forcing the presidential veto, or bet on an economic and social crisis that the deposit in power in advance.
If implemented all bills pushed by the opposition would leave to a tax default in the medium term would require reducing pensions. Indeed, first propose to increase public spending through the law of 82% mobile and other proposed reducing state funding national through reducing traffic and the check tax co-participation of the provinces.
Therefore, to speak of an increase in pensions of viable and sustainable over time is necessary to deepen the current economic model. For example, by energizing the parliamentary treatment of the Financial Institutions Act to regulate a highly profitable and is governed by a law of the last military dictatorship in order to progress in the process of re-industrialization with social inclusion started in 2003 , and thus move the steps toward social justice in Argentina.
The author is a member of Study Group of National Economy and Popular (GEENaP). www.geenap.com.ar (Paco Agency Urondo)
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