The Loss of Royalties and Other Resources Caused Alert in May for Chubut: What Is the Government’s Plan to Recover Them?

fm899.com.ar

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The Province goes through a complex financial landscape due to the decrease in co-participable resources and internal revenue. Salta income recorded a fall of 6.7% real. Salta crosses a complex financial scenario marked by the simultaneous fall of automatic national transfers and provincial revenue. This situation generates concern in the local government, which despite the context, advances with a tax reduction scheme in key sectors of the econ…

ADNSur

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Chubut’s collection received a triple blow in May, in tune with what happened in other provinces, but with its own nuances. The sharp fall in the shareholding, which slowed down the recovery of the first quarter, affected all jurisdictions equally. But in the San Jorge basin, the fall in the international price of oil in the first months of the year and the foreign exchange arrears continue to accentuate the natural decline of mature deposits. A…

opisantacruz.com.ar

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The provinces that make up the Federal Organization of Hydrocarbon Producer States (OFEPHI) warned about the fall in the price of oil and the currency lag that impacts the provincial coffers with the fall in royalties revenues. This complex panorama affects the provinces of Santa Cruz, Chubut, Neuquén and Tierra del Fuego. Neuquén, which has the main asset that is Vaca Muerta, its finances depend on more than 60% of royalties and the tax collect…