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November 28, 2014
Tuesday, February 4, 2014

Gov't threatens to strip subsidies from dollar buyers

The national government is considering a removal of energy subsidies for those consumers who have bought US dollars following the relaxation of restrictions, according to president Cristina Fernández de Kirchner.

"It is not fair that someone who buy dollars receives gas and electrical subsidies," the head of state fired today in a state broadcast.

The president referred heavily to the easing of restrictions on dollar purchases, pointing out that "almost a half million employees" have brought foreign currency.

"Today, after seven working days, the AFIP has validated 439,011 operations from people who have gone to buy 223 million dollars, of which 140 million have already been paid out," she revealed.

"Curiously, those who have purchased the least are those with the highest salaries because they know that it makes more sense to put [their money] in other things rather than dollars. But we have salaried workers who buy dollars worth up to 20 percent of their incomes," she added.

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Tags:  Argentina  economy  dollar  CFK  subsidies  





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