The Ente Nacional Regulador del Gas (Enargas) stated on Monday that in 2020, around 2.8 million natural gas users through networks left the situation of energy poverty as a result of the Tariff Emergency and the relief measures. Energy Poverty defined as households that spend 10% or more of their income to pay for energy services. The number of families that exceeded this threshold decreased 66% compared to 2019.
Day: April 6, 2021
The trade deficit with Brazil is $180 mn in March
Trade exchange with Brazil closed in March with a deficit of $180 million for Argentina, after two months of surplus, with an increase in the flow between the two countries that had not recorded since August 2018. The total was over $23 billion.
70.6% of households went into debt or reduced their consumption
70.6% of households in the AMBA went into debt, generated new income, used savings or sold some of their belongings, and reduced the consumption of at least one food item to cope with the coronavirus pandemic's impact 2020. A survey conducted by INDEC also highlighted that 82% of the households that depended on an unregistered job received State aid.
Tax revenues rose 72% in March
Tax collection in March recorded a 72.2% year-on-year increase due to the combined effect of the economic reactivation, the increase in the rates of some taxes, inflation, the rise in international commodities prices and because March 2020 had ten fewer days of revenue due to the measures against the coronavirus. According to information from the Ministry of Economic, the Treasury collected 767.85 billion pesos ($8.3 bn).
The volume of drug exports grew 65.4% in the first two months of the year
Drug exports totalled $84.5 million in the first two months of 2021, which implied an increase of 14.8% in values and 65.4% in quantities compared to the same period of 2020. The difference in the variations in values and amounts is due to the sharp 29.3% drop in the average export price in the period analyzed.
Motorcycle sales and registrations grew almost 40% monthly during March
The number of motorcycles patented in the whole country grew 76.5% year-on-year and almost 40% monthly last March, with 34,291 units. It is worth clarifying that in March 2020, motorcycles could only be registered until the 19th, one day before the mandatory isolation due to the pandemic began.
The lithium industry is growing: there are 21 extraction projects for 93 million tons
The lithium industry represents an excellent opportunity to develop renewable energies and sustainable mobility worldwide. Argentina can play a strategic role in this global scenario: it is the third-largest lithium producer and the third-largest reserve in the world. Today in Argentina, there are two lithium mines in operation, one under construction and 17 advanced projects. In this total of 21 extraction projects, it has resources for 93 million tons. The ten most significant-scale projects account for 86% of the resources identified. Once the projects currently under investigation are advanced, it estimates that they can extract 350 thousand tons per year.
