• Tue. May 28th, 2024

Rural Leaders Urge Central Bank to Address Credit Costs, Import Risks, and Tax Increases in Call for Hearing with President Santiago Bausili.

BySamantha Nguyen

Mar 27, 2024
After three months of silence, liaison table reiterates demand for extension of rule increasing credit costs for producers

The liaison table again requested a hearing with the president of the Central Bank (BCRA) to discuss the rise in credit costs for producers and the risks posed by food imports. This request was made following a meeting between rural leaders who reiterated their call for a meeting with BCRA president Santiago Bausili. They were disappointed by the lack of response to their previous requests, particularly regarding the extension of rules affecting wheat and soybean producers three months ago. Rural leaders also raised concerns about how food imports might negatively impact local producers if equal conditions were not maintained.

In addition, they highlighted the detrimental effects of excessive tax increases and new fees imposed across various districts in the country. These measures add to producers’ already high tax burden, increasing production costs. They urged national, provincial, and municipal legislators to reconsider these tax policies and prioritize measures that support production and economic growth.

The liaison table emphasized the urgent need for fiscal measures to ease financial strain on producers and promote a more favorable environment for agricultural activities. They also expressed concern about the high cost of foot-and-mouth disease vaccines at the start of the vaccination campaign. To determine specific details affecting vaccine costs, they planned to collaborate with relevant organizations during a consultation period within their entities.

Overall, rural leaders called for measures that would support agriculture and ease financial pressure on producers while promoting economic growth in rural communities.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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