The Limited Times

Now you can see non-English news...

IFE + PAIS tax: 40% of the cost of the ANSeS bond was financed with the purchase of dollars


The tax that impacts on the saving dollar has collected $ 110,500 million in the year and the three payments of the $ 10,000 demanded $ 270,000 million.

Annabella quiroga

03/10/2020 - 18:13

  • Clarí

  • Economy

In the nine months of life of the

PAIS tax

- which recharges the purchase of dollars with 30% - it raised $ 110,469 million.

And the three rounds

of the Emergency Family Income (IFE)

add up to a public expenditure of $ 270,000 million.

In this way, this tribute contributed 40% of the expense in the payment of the $ 10,000 bond, which reaches 9 million people.

With the quarantine and the expansion of the exchange gap, the number of people who buy dollars for hoarding went from 500,000 per month in the summer to 4 million in August.

In September, with the exchange rate reloaded, it is estimated that the number of people who buy dollars fell.

In fact, AFIP data show that last month

US $ 870 million

was collected for this tribute

, 8% less than in August.

And with the October dollar sale quota renewal, he was able to buy as little as

a third

of the people who tried.

The IFE started as an exceptional measure and was consolidated with the extension of the quarantine.

In the next few days, the Government through ANSeS will define whether there will be a fourth installment of the bond or it will move to another,

more limited

social assistance scheme

, such as a basic income for young people, the age segment hardest hit by unemployment.

On the other hand, the PAIS tax came with the inauguration of Alberto Fernández.

With the extension of the quarantine, this tribute was transformed into

a pillar of the collection

, which this year has been suffocated by the fall in activity.

In September, for the first time in the year, the collection managed to beat inflation with a real increase of 5.4%.

From the IARAF they indicate that the PAIS tax was decisive for the increase in public income.

Without that tribute,

real growth in September would have been only 1.8%


From now on, with the tightening of the stocks, it is expected that the impact of the PAIS tax on collection will diminish.

The collection for the PAIS tax jumped with the quarantine.

In the summer, purchases did not exceed 500,000 people per month.

But with the isolation, spending on entertainment and transportation fell and the margin to allocate savings to the dollar increased.

The exchange gap was mounted on this, which encouraged people to seek coverage in the face of fear of a devaluation, but also to stretch the yield of the pesos by buying in the official and selling in the blue dollar.

Thus, there were months in which up to $ 6,000 additional could be bagged with this roller.

Interestingly, IFE beneficiaries also took advantage of this roll to stretch the bond and

convert the


$ 10,000

of the bond

into $ 16,000


Thus they fed the same tax that finances them.


that wheel was cut with the super stocks


The people who charge IFE were disqualified from the purchase of savings dollars, like the holders of other social plans.

In addition, with the inclusion of 35% as a surcharge of Earnings on the purchase of the currency, the price of the dollar jumped to $ 136. Today the buying point of the blue dollar is at $ 146. Thus, whoever accesses the US quota $ 200 and sell them in the informal market, you will make a profit of $ 2,000, a third of what you made a month ago.


Look also

IFE 4: the Government decides who will receive the next batch of aid and the chances that only young people will receive it

In September, collection grew 5.4% in real terms and beat inflation for the first time in the year

Source: clarin

All business articles on 2020-10-03

You may like

Trends 24h


© Communities 2019 - Privacy