Post by account_disabled on Feb 26, 2024 23:03:18 GMT -5
After the strong jump recorded in December, inflation fell slightly in January and would be around 20%. Looking ahead to the coming months, increases in different regulated services will increase pressure on the CPI. Something that will happen, as a private study highlights, in a context in which the anchors chosen by the Government “dissipate.” This is detailed in a report prepared by the Capital Foundation in which it was mentioned that, a month and a half after the new government takes office, "The two inflationary anchors chosen for economic policy are under pressure." In this sense, the study highlighted that The rate of exchange rate sliding of 2% monthly, established after the December devaluation, “can hardly be sustained in the face of high inflation and a dizzying exchange rate delay.
On the other hand, he pointed out that the objective of a primary fiscal surplus of 2% of GDP agreed with the IMF “ was complicated by the lack Namibia WhatsApp Number List of votes to approve the fiscal package sent to Congress.” “In the Omnibus Law and the Personal Income Tax (formerly Profits) the authorities intended to achieve two points of fiscal adjustment that will no longer be under discussion in Parliament. For this reason, we must reevaluate sooner rather than later how the adjustment implied by the changes in export rights, pensions and profits will be achieved, in a context of falling activity that will affect collection," they added from Fundación Capital. In this way, they stressed, "the authorities raised two inflationary anchors within the economic emergency program that are beginning to show their difficulties .
Something that can become a “stone on the road that hinders the future horizon of predictability.” How the elimination of the fiscal package can affect inflation The fact that the tax package that included increases in different taxes and eliminated the retirement mobility formula has been withdrawn from the so-called Omnibus Law could impact future prices. But he wouldn't do it directly. . “I don't see a direct link between consumer prices and the specific decision to withdraw the fiscal package,” he explained to Ámbito. Sergio Choza, director of the consulting firm Sarandí, who remarked: “Obviously, fiscal prudence and its monetary correlation are important to influence expectations. and through them, indirectly, perhaps the positive or negative impact on inflation can be seen. But it is an indirect channel.” “It seems to me that the decision to eliminate the fiscal package cannot be perceived as something positive in the market, so it is most likely that this will translate – at least in the first days – into greater pressure in the alternative markets of the dollar. “added the economist. This greater pressure on alternative exchange rates could, in the future, put pressure on inflation due to an eventual growth of the gap. “ This greater pressure, in a next stage, may be transferred to prices.
On the other hand, he pointed out that the objective of a primary fiscal surplus of 2% of GDP agreed with the IMF “ was complicated by the lack Namibia WhatsApp Number List of votes to approve the fiscal package sent to Congress.” “In the Omnibus Law and the Personal Income Tax (formerly Profits) the authorities intended to achieve two points of fiscal adjustment that will no longer be under discussion in Parliament. For this reason, we must reevaluate sooner rather than later how the adjustment implied by the changes in export rights, pensions and profits will be achieved, in a context of falling activity that will affect collection," they added from Fundación Capital. In this way, they stressed, "the authorities raised two inflationary anchors within the economic emergency program that are beginning to show their difficulties .
Something that can become a “stone on the road that hinders the future horizon of predictability.” How the elimination of the fiscal package can affect inflation The fact that the tax package that included increases in different taxes and eliminated the retirement mobility formula has been withdrawn from the so-called Omnibus Law could impact future prices. But he wouldn't do it directly. . “I don't see a direct link between consumer prices and the specific decision to withdraw the fiscal package,” he explained to Ámbito. Sergio Choza, director of the consulting firm Sarandí, who remarked: “Obviously, fiscal prudence and its monetary correlation are important to influence expectations. and through them, indirectly, perhaps the positive or negative impact on inflation can be seen. But it is an indirect channel.” “It seems to me that the decision to eliminate the fiscal package cannot be perceived as something positive in the market, so it is most likely that this will translate – at least in the first days – into greater pressure in the alternative markets of the dollar. “added the economist. This greater pressure on alternative exchange rates could, in the future, put pressure on inflation due to an eventual growth of the gap. “ This greater pressure, in a next stage, may be transferred to prices.