Mar 11 • 22:06 UTC 🇦🇷 Argentina La Nacion (ES)

"There is no chance": Melconian spoke about the possibilities of a significant reduction of withholdings

Economist Carlos Melconian expressed skepticism about the likelihood of significant reductions in agricultural export taxes in light of the government's commitment to fiscal surplus.

At Expoagro, economist Carlos Melconian, the former president of Banco Nación, addressed the long-standing demand from the agricultural sector for the elimination of export withholdings. He highlighted the government's strong commitment to achieving a fiscal surplus, which limits the possibility for any substantial reduction in these taxes. His assertion, "No hay chances," emphasizes the stark reality of the current economic landscape for farmers hoping for relief from these burdens. Melconian elaborated on the general ambiance at Expoagro, noting that despite the challenges faced in agriculture, the mood among attendees remains optimistic even in tough times. He has participated in the event for 20 years and remarked that the resilience demonstrated during the expo speaks volumes about the industry's spirit, which persists despite adverse weather conditions or fluctuating market prices. This positive atmosphere starkly contrasts with the sobering economic discussions that emerge when assessing the agricultural sector’s fiscal obligations. The implications of Melconian’s statements highlight a broader conversation around fiscal policies and their impact on the agricultural sector in Argentina. Farmers have long advocated for lower export taxes to enhance competitiveness and profitability. However, the intertwining nature of fiscal responsibility and economic growth creates a challenging environment for policymakers. Melconian's insights reveal that, while the desire for reduced taxes is strong, the immediate practicalities of maintaining a balanced budget overshadow these aspirations, leaving the farming community in a precarious position.

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