July 29, 2014
Gov't sees 'declining prices,' warns 'no deadline' in tax debate
Following yesterday’s announcement that the CPI consumers’ price index hit 2.6 percent in March, Cabinet Chief Jorge Capitanich defended the new method to calculate economic data and estimated a “declining trend" in prices for the future.
In his daily brief to the press at the government house, the head of ministers said the current methodology to measure national figures – a method the Kirchnerite administration was forced to adequate following continuing claims by the IMF to have the INDEC statistics bureau’s system improved -, has been “universally recognized by multilateral credit organisms," allowing to provide data that contradicts “private-sector consultant agencies.”
Regarding Tuesday’s CPI outlook for March (inflation at 2.6 percent), Capitanich pointed out the government was observing what he called a “declining trend” in prices over the past days which, he hoped, will drive “positive” future trends as well.
The chief of staff of the Cristina Fernández de Kirchner administration was also queried this morning about the income tax debate, a demand for change that anti-government unions have renewed in their April 10 general strike.
Capitanich explained national authorities “are willing to carry out a rigorous analysis of the tax structure and the necessary revisions” but warned the government has “no specific deadline” to announce a possible adjustment of the tax system.