Argentina to revise gas and energy tariff

Last Tuesday (17), the Argentine government announced, through Economy Minister Martín Guzmán, new taxation measures that will cover financial assets abroad, 30% tax application in the purchase of foreign currencies, in addition to intervention and review in energy and gas regulators.

According to the bill, the Executive must renegotiate review of the current tariff or to initiate a review on a Extraordinary. In this way, the government wants to "reduce the tariff burden on homes and businesses as early as 2020."

In an interview, President Alberto Fernández said that "we will not increase tariffs and we will end the dollarization." The new project declares economic-social emergency and extends fee on purchases in the foreign consumption in the country. The forecast is that tariffs will be frozen for six months.

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