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2h ago

After 72-Hour Export Tax Holiday, Congress Demands Answers as Farm Groups Escalate Pressure

Economists estimate the brief measure cost roughly US$1.4 billion, straining the government’s primary-surplus goal.

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(La Voz Archivo)
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Overview

  • Decree 682/2025 set grain export duties at 0% until October 31 or a US$7 billion cap, which large traders reached in about three days through DJVEs.
  • Deputies filed a resolution seeking detailed data on DJVE controls, sanctions, and potential rule changes under the Martínez Raymonda law.
  • Rural leaders say the benefit concentrated in major exporters and left producers out, labeling the move a financial patch that broke trust.
  • The Mesa de Enlace meets the Agriculture Secretariat today to push the issue, while the Sociedad Rural de Rosario urged Milei to start a sustained cut to export taxes.
  • FADA and IARAF estimate a fiscal hit near 0.2% of GDP, warning that to keep a 1.5% primary surplus the government may need deeper cuts or new revenue.