GOVERNMENT will cut down on CONTRIBUTIONS and streamlines registration for Repros

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The Executive is fine-tuning the details of the measure that aims to allow companies to sustain job sources

The Government will announce “in the coming days” a temporary reduction in employer contributions to the sectors affected by the compulsory isolation arranged to stop the coronavirus pandemic..

In the framework of an Economic Cabinet meeting held this Wednesday, “various tools” to provide economic assistance to the provinces were discussed, one of the promises made by President Alberto Fernández during last week’s meeting with governors.

“When you govern, you have to face dilemmas: here the option is to take care of the economy or life, I chose to take care of the life and health of Argentines,” the head of state said in television statements on Wednesday.

There, the president acknowledged that the compulsory isolation decision is generating “conflicts in the economy,” but stressed that measures are being taken to avoid a greater impact.

At the meeting of the economic team, the streamlining of the REPRO (the productive recovery program) was arranged so that SMEs with less than 25 employees belonging to the affected sectors and have a quick window to access the partial payment of their employees’ wages. employees.

The meeting, held in the Hall of Scientists, was led by the Chief of Staff, Santiago Cafiero, and the Ministers of Economy, Martín Guzmán; of Productive Development, Matías Kulfas and of Work, Claudio Moroni; the head of the AFIP, Mercedes Marcó del Pont and the president of the Central Bank, Miguel Angel Pesce.

Official sources indicated that other issues were also addressed, such as the implementation of the Emergency Family Income (IFE) announced this Monday by Minister Guzmán and work was done on the regulation of the program to help families.

On the other hand, officials analyzed the economic and productive situation to implement “necessary measures to alleviate the consequences of preventive and compulsory isolation.”

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