Luis Caputo before Milei's announcement: "We've always said we want to lift the tax cuts that have caused so much damage to the countryside."

Economy Minister Luis Caputo addressed the tax situation facing the agricultural sector and reiterated his commitment to lowering withholdings as soon as possible. President Javier Milei will make an announcement this Saturday from La Rural , although it is unknown what he will address, and the head of the Ministry of Finance offered no indication of it.
"We're waiting to see what the president has to say on Saturday. The countryside always responds, and we're trying to show him that we do too," said the economist, when asked about the announcement the president will make on Saturday, which could be related to the reduction in withholding taxes: "I don't want to spoil anything because the president will make the announcements."
Following this, Luis Caputo emphasized that the agricultural sector is a priority for this government and reiterated: " We've always said we want to eliminate the tax withholdings that have done so much damage to the agricultural sector . It's another sector with which we engage in a lot of dialogue. When you have a lot of dialogue with a sector, things work better because there's good intentions on both sides. So, the truth is that it's been a very good meeting," he noted.
After this, he was asked again about next Saturday's announcement, and without budging from his initial position, the Minister of Economy reiterated: "No, I didn't advance any measures because, as I say, those are the things the president is going to announce, and they know perfectly well that's how it will be. So they haven't asked about any specific measures afterward either."
On the other hand, the leader addressed the IMF's warning about the decline in international reserves: "We are working to rebuild the level of reserves. Today, the Central Bank is better capitalized than ever, because they understand that the Central Bank's balance sheet is not just about assets, but also about liabilities," he noted.
"Today is the first time Argentina has a Central Bank with assets that more than support its liabilities, something Argentina has never seen before. Furthermore, within a framework of a much more stable and orthodox economic situation, today we have a fiscal surplus, no monetary issuance, a well-capitalized Central Bank, falling inflation, reducing taxes, and all of this is valued by the sectors because it provides much greater planning," he concluded.
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