Massa announced three $37,000 bonuses for retirees after post-PASO devaluation

The Minister of Economy and candidate of Union for the Fatherland (UxP), Sergio Massa, anticipated this noon as the first measure of the new Program for Strengthening Economic Activity and Income for Argentine families, three bonuses of $ 37,000 for retirees that will be paid in September, October and November, to control the impact of the post-PASO devaluation. In a message through networks, the official said that “throughout today” they will announce “the measures we take to take care of Argentine families,” which include benefits, credits and tax cuts. The central objective is that each of the sectors of the economy has in some way the support of the State, “after the devaluation imposed by the International Monetary Fund (IMF), said Massa.Bonus for retireesFor retirees and pensioners and recipients of other pensions, Massa announced a reinforcement of $ 37,000 per month during the months of September, October and November, with which “the minimum in September becomes more than $ 124,000”. In this way, according to the minister, the minimum retirement “will reach a 147% annual increase”, although being a non-taxable bonus does not apply as part of the mobility formula. Thus began the announcement of the first measures that the Government will grant to repair the damage caused by the post-PASO devaluation. According to what Massa had said in Washington, that he would announce “two measures per day” – there is still one left for this Sunday. Among the measures that could be announced by the Minister and presidential candidate, the most anticipated is the fixed sum for workers in a dependency relationship, with an expectation of 40,000 pesos.

Original source in Spanish