With $ 40.4 mn, the government creates a program for the development of industrial parks

The program foresees an investment of more than 3 billion pesos ($40.4 mn) of contributions and financing in the next 12 months. In this first phase of the plan, will provide support to 48 industrial and technological parks throughout the country. The objective is to assist and develop 300 industrial and technological parks in the period 2020-2023.

Food basket went up 3.2%

The basic food basket increased by 3.23% in August in the city of Buenos Aires. Among the items that grew the most were sunflower oil, 11.4%, onions, 11.2%, milk in the sachet, 9%, eggplants, 8.7%, and apples, 4.2%. Meanwhile, in beef, the increases varied between 1.9% and 2.7%.

Tax collection fell 5.1% in real terms in August

August tax revenues registered a nominal increase of 33.5% year-on-year to 612,146 million pesos ($8.25 bn), according to the Federal Administration of Public Revenues (AFIP). Discounting the effect of inflation, the tax revenues last month fell in real terms by only 5.1% compared to August 2019, which indicates a level similar to that before the quarantine. During the first eight months of the year, tax revenues exceeded 4 trillion pesos ($53.88 mn), with a nominal year-on-year increase of 27.3%.

Between importers and “solidarity” dollar, they took $400 mn of Reserves in 3 days

Between the buyers of the $200 monthly quota and the importers, they took just over $400 million from the BCRA's reserves in three days. It confirms the pressure on the Central Bank to sell dollars. The Reserves closed at $42.64 billion, the lowest value in the quarter. The drop was not more significant because they sustained based on the revaluation of gold and the euro, two assets that are among the reserves.

Buenos Aires government launched a $538.79 mn plan for the development of the agricultural sector

To boost agricultural production in the face of the post-pandemic scenario, the government of the province of Buenos Aires announced yesterday the "Province on the Move" Plan. It will focus on public works and financing for economic development, with a total amount destined to the agricultural sector of almost 40 billion pesos ($538.79 mn).