The Government regulated the Knowledge Economy Law, offering tax benefits to encourage activities in the sector, such as reduction of income tax, segmented according to the size of the company and a reduction of up to 70% in employer contributions. Knowledge-Based Services (KBS) companies export close to $6 billion a year, making the sector the country's third-largest export complex. Also, it employs over 250,000 workers, with average wages well above the rest of the economy.
Thanks to the rise in international market prices, the main export complexes - wheat, maize and soya - would contribute at least $31 billion in foreign currency, representing a growth of more than 15% over the current season. The figures took from a report drawn up by the Mediterranean Foundation in which it puts forward a scenario of low production - due to drought - but sustained prices.
The Mirgor Group manufactures products for automotive, telephony and mass-market electronics. The Group's cumulative sales in the third quarter of 2020 were 6.4% higher than reported sales in the same period of the previous year. Accumulated net profit for the third quarter generated an increase of 173% compared to the third quarter of 2019.
DAPSA -Destilería Argentina de Petróleo SA-, belonging to the Argentinean holding company Sociedad Comercial del Plata (SCP), invested 22 million dollars in renovating and embankment 100 service stations located in 11 provinces of the country, thus complying with the strategic expansion plan.
Although the 2021 Budget foresees that Argentina will have a primary deficit of 4.5%, some private parties think it will be lower. A study by the consulting firm WISE estimates that next year the deficit will be only 3.7%. Labour, in turn, forecasts inflation of 45.6% and unemployment of 12%.