Argentinian President Javier Miley submitted to the National Congress a draft of a revised reform package to stabilize the country’s economy. The publication reports that La Nacion.
While the document initially included 663 points, this number was reduced to 523 after revision. According to the updated bill, pensions in Argentina will be automatically indexed to the inflation rate starting from April. The privileged pensions of the president and vice president were also abolished.
The government also imposes a 15% export tax on fishing and malt products. Taxes for regions will be 0%.
The reforms include downsizing the state apparatus, freezing infrastructure projects, lifting export restrictions and liberalizing prices. In addition, a 12-hour working day and a discount on maternity leave are also introduced.
The “shock reforms” package is designed to stabilize Argentina’s economy, where inflation is at 95% by 2023. The vote is scheduled to take place on January 25.
Before that, annual inflation in Argentina exceeded 200%
Previously Argentinian MPs requested Justify refusal to join BRICS.