The president of Fedecamaras Lara, Pedro José Chirinos, assured that the Tax on Large Financial Transactions (IGTF) “slowed down a little the start of the activity Venezuelan economy.
Despite this, he highlighted the growth of some sectors such as pharmaceuticals, health and food, reported the newspaper Momentum.
He also highlighted that the industrial sector is operating at 20% of its capacity. This is due to the low consumption of citizens in the country, the competition that exists between imported products and national ones, failures in public services, as well as their high prices, and the high cost of taxes.
IGTF and absence of credits affect economic activity
For Chirinos, another aspect that motivates the stagnation of the country’s economic activity is the lack of bank loans.
«In order to have a true economic reactivation, fundamentally, we need all sectors to achieve their recovery and, especially, that of construction, since this entails the reactivation of credit to construction companies, mortgage credit and credit for the acquisition of homes,” he said.
“We bet on the improvement of the economy. Despite all the difficulties, we continue to work, invest, create jobs and do our best to achieve the purchasing power of our workers – And, of course, fighting for this country », he added.
With information from Momentum.
