{"id":11079,"date":"2026-01-12T20:54:40","date_gmt":"2026-01-12T23:54:40","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11079"},"modified":"2026-01-12T20:54:41","modified_gmt":"2026-01-12T23:54:41","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c01%ec%9b%94-12%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11079","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(01\uc6d4 12\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. 12\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(IPC), \ub2e4\uc2dc 2% \uc0c1\ud68c \uc804\ub9dd
    \uc544\ub974\ud5e8\ud2f0\ub098 \uad6d\uac00\ud1b5\uacc4\uccad(INDEC)\uc740 \ub0b4\uc77c 12\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(IPC)\ub97c \ubc1c\ud45c\ud560 \uc608\uc815\uc778\ub370, \ud574\ub2f9 \uc218\uce58\ub294 \ub2e4\uc2dc \ud55c \ubc88 \uc6d4\uac04 2%\ub97c \uc0c1\ud68c\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. \uc774\ub294 2025\ub144 \uc5f0\uac04 \uc778\ud50c\ub808\uc774\uc158\uc744 \uc57d 31% \uc218\uc900\uc73c\ub85c \ub9c8\ubb34\ub9ac\ud558\uac8c \ud574\uc8fc\uba70, 2017\ub144 \uc774\ud6c4 \uac00\uc7a5 \ub0ae\uc740 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 \ub420 \uc804\ub9dd\uc774\ub2e4.
    \ub3d9\uc2dc\uc5d0 \uc2dc\uc7a5\uc740 2026\ub144 1\uc6d4\ubd80\ud130 \uc801\uc6a9\ub420 \ubc29\ubc95\ub860\uc801 \ubcc0\uacbd \uc0ac\ud56d\uacfc, \uc774\uac83\uc774 \ub2ec\ub7ec \ud658\uc728 \ubc34\ub4dc \uc81c\ub3c4\uc5d0 \ubbf8\uce60 \uc601\ud5a5\uc5d0 \uc8fc\ubaa9\ud558\uace0 \uc788\ub2e4. \uc774\ub7ec\ud55c \ucd94\uc815\uce58\uac00 \ud655\uc778\ub420 \uacbd\uc6b0, 2024\ub144 117.8%\uc600\ub358 \uc5f0\uac04 \uc778\ud50c\ub808\uc774\uc158 \ub300\ube44 80%p \uc774\uc0c1 \ud558\ub77d\ud558\ub294 \uc148\uc774 \ub418\uba70, \ucd5c\uadfc 8\ub144\uac04 \ucd5c\uc800 \uc218\uc900\uc744 \uae30\ub85d\ud558\uac8c \ub41c\ub2e4. \uc774\ub294 2017\ub144\uc758 24.8%\ub97c \uadfc\uc18c\ud558\uac8c \uc6c3\ub3c4\ub294 \uc218\uc900\uc774\ub2e4.
    \uc911\uc559\uc740\ud589(BCRA)\uc758 \ucd5c\uadfc \uc2dc\uc7a5\uae30\ub300\uc870\uc0ac(REM)\uc5d0 \ub530\ub974\uba74, 12\uc6d4 \ubb3c\uac00\ub294 2.3%, \uc5f0\uac04 \uae30\uc900\uc73c\ub85c\ub294 30%\ub97c \uc18c\ud3ed \uc0c1\ud68c\ud588\uc744 \uac83\uc73c\ub85c \ucd94\uc815\ub41c\ub2e4. \ucc38\uace0 \uc9c0\ud45c\ub85c\uc11c, \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4\uc2dc(CABA)\uc758 12\uc6d4 \ubb3c\uac00\ub294 2.7%\ub85c 9\uc6d4\uacfc \ub3d9\uc77c\ud588\uc73c\uba70, 2025\ub144 \ub204\uc801 \uc0c1\uc2b9\ub960\uc740 31.8%\ub97c \uae30\ub85d\ud588\ub2e4.
    12\uc6d4 \ubb3c\uac00 \ub454\ud654 \ud3c9\uac00\uc640 \ud658\uc728 \uc815\ucc45\uc5d0 \ub300\ud55c \uc601\ud5a5 \ubd84\uc11d\uc5d0\uc11c, Wise Capital \ud22c\uc790\ud68c\uc0ac\ub294 12\uc6d4 IPC\uac00 \ub9c8\uc9c0\ub9c9 \uad6c\uac04\uc5d0\uc11c \ub454\ud654 \uc870\uc9d0\uc744 \ubcf4\uc600\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4. \uc774\ub294 \ud2b9\ud788 \ube44\uacc4\uc808\uc131 \uc2dd\uc74c\ub8cc \ubd80\ubb38\uc758 \uac00\uaca9 \uc0c1\uc2b9\ud3ed\uc774 \ub0ae\uc544\uc9c4 \uc601\ud5a5\uc774 \ucef8\ub2e4.
    \ub2e4\ub9cc \uc721\ub958 \uac00\uaca9\uc740 \uac00\uc18d \ud6a8\uacfc\uac00 \uc9c0\uc18d\ub418\uace0 \uc788\uc73c\uba70, \uacf5\uacf5\uc694\uae08 \ub4f1 \uaddc\uc81c \uac00\uaca9 \ud56d\ubaa9 \uc5ed\uc2dc \uac19\uc740 \ud750\ub984\uc744 \ubcf4\uc774\uace0 \uc788\ub2e4. IPC\uac00 \ud658\uc728 \ubc34\ub4dc\uc5d0 \ubc18\uc601\ub418\ub294 \ud6a8\uacfc\ub294 \ubcf4\ub2e4 \uc815\uad50\ud55c \ud658\uc728 \uc870\uc815\uc744 \uac00\ub2a5\ud558\uac8c \ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.
    \uc774\ub7ec\ud55c \ud658\uacbd \uc18d\uc5d0\uc11c 12\uc6d4 \ubb3c\uac00\ub294 2.4%, 2025\ub144 \uc5f0\uac04 IPC\ub294 31% \uc218\uc900\uc73c\ub85c \ub9c8\ubb34\ub9ac\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.
    <\/li>\n\n\n\n
  2. \uc911\uc559\uc740\ud589 \ub2ec\ub7ec \ub9e4\uc785\uacfc \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00
    \uc911\uc559\uc740\ud589(BCRA)\uc740 \uc0c8\ub85c\uc6b4 \ud658\uc728 \ubc34\ub4dc \uccb4\uc81c \ud558\uc5d0\uc11c \ub2ec\ub7ec \ub9e4\uc785\uc744 \uc9c0\uc18d\ud588\uace0, \ud658\uc728\uc740 \uc548\uc815\uc801\uc778 \ud750\ub984\uc744 \uc720\uc9c0\ud588\ub2e4. \uc911\uc559\uc740\ud589\uc740 \ud55c \uc8fc \ub0b4\ub0b4 \ud604\ubb3c\ud658 \uc2dc\uc7a5\uc5d0\uc11c \uc801\uadf9\uc801\uc73c\ub85c \uac1c\uc785\ud588\uc73c\uba70, \uc21c\ub9e4\uc785 \uaddc\ubaa8\ub294 2\uc5b5 1,800\ub9cc \ub2ec\ub7ec, \uc77c\ud3c9\uade0 \uac70\ub798\ub7c9\uc740 \uc57d 5\uc5b5 \ub2ec\ub7ec \uc218\uc900\uc774\uc5c8\ub2e4.
    \uadf8 \uacb0\uacfc, \ucd1d \uc678\ud658\ubcf4\uc720\uc561\uc740 12\uc5b5 9,700\ub9cc \ub2ec\ub7ec \uc99d\uac00\ud574 443\uc5b5 9,600\ub9cc \ub2ec\ub7ec\ub85c \ub9c8\uac10\ud588\ub2e4. \uc774\ub294 \uc8fc\ub85c \ucf54\ub9c8\uc6b0\uc5d0 \uc218\ub825\ubc1c\uc804\uc18c \ubbfc\uc601\ud654 \ub300\uae08 \uc57d 7\uc5b5 \ub2ec\ub7ec(\uc7ac\ubb34\uccad \uacc4\uc88c \uc785\uae08)\uc640 \ucd5c\uadfc REPO \uac70\ub798 \uc794\uc5ec\ubd84\uc758 \uc720\uc785 \ub355\ubd84\uc774\uc5c8\ub2e4.
    \uc678\ud658\uc2dc\uc7a5\uc740 \uc0c8\ub85c\uc6b4 \ud658\uc728 \ubc34\ub4dc \uccb4\uc81c\ub97c \ube60\ub974\uac8c \uc18c\ud654\ud588\uc73c\uba70, \uc911\uc559\uc740\ud589\uc740 \uc8fc 5\uac70\ub798\uc77c \ubaa8\ub450\uc5d0\uc11c \uc21c\ub9e4\uc218\uc790\ub85c \ubcf5\uadc0\ud588\ub2e4. \ud658\uc728\uc740 \uc9c0\uc18d\uc801\uc778 \uacf5\uae09\uacfc \uc7ac\ubb34\uccad\u00b7\uc911\uc559\uc740\ud589\uc758 \uc870\uc728\ub41c \uac1c\uc785 \ub355\ubd84\uc5d0 \uc18c\ud3ed \ud558\ub77d\uc138\ub97c \ubcf4\uc600\ub2e4.
    \uc7ac\ubb34\uccad\uc740 \ud604\ubb3c \uc2dc\uc7a5\uc5d0\uc11c \uc81c\ud55c\uc801 \ub9e4\ub3c4, \uc911\uc559\uc740\ud589\uc740 \uc120\ubb3c\ud658 \ub9e4\ub3c4\ub97c \ud1b5\ud574 \ubcc0\ub3d9\uc131\uc744 \uc644\ud654\ud588\ub2e4.
    \uadf8 \uacb0\uacfc \ub3c4\ub9e4 \ub2ec\ub7ec \ud658\uc728\uc740 1,465\ud398\uc18c\ub85c \ub9c8\uac10\ub418\uc5c8\uc73c\uba70, \uc774\ub294 \ud604\ud589 \ubc34\ub4dc \uc0c1\ub2e8(1,537.58\ud398\uc18c) \ub300\ube44 5% \ub0ae\uc740 \uc218\uc900\uc774\ub2e4.
    \uae08\uc735 \ub2ec\ub7ec \ubd80\ubb38\uc5d0\uc11c MEP \ud658\uc728\uc740 1,489.42\ud398\uc18c(\uaca9\ucc28 1.67%), CCL \ud658\uc728\uc740 1,528.86\ud398\uc18c\ub85c \ub9c8\uac10\ub418\uc5c8\uace0, \uaca9\ucc28\ub294 4.36%\uc600\ub2e4.
    <\/li>\n\n\n\n
  3. \uc7ac\ubb34\uccad, 9\uc870 \ud398\uc18c \uaddc\ubaa8 \ub9cc\uae30 \ubd80\ub2f4 \uc9c1\uba74
    \uacbd\uc81c\ubd80\ub294 1\uc6d4 16\uc77c(\uae08)\uc5d0 \uc57d 9\uc870 \ud398\uc18c \uaddc\ubaa8\uc758 \ub300\uaddc\ubaa8 \uad6d\ucc44 \ub9cc\uae30\ub97c \ub9de\uc774\ud558\uac8c \ub41c\ub2e4. \uc774\ub294 \ub450 \uac1c\uc758 LECAP \ucc44\uad8c \uc0c1\ud658\uc5d0 \ud574\ub2f9\ud558\uba70, \uc815\ubd80\ub294 \uc774\ub97c 1\uc6d4 14\uc77c(\uc218) \uc2e4\uc2dc\ub418\ub294 \uc785\ucc30\uc744 \ud1b5\ud574 \ucc28\ud658\ud560 \uacc4\ud68d\uc774\ub2e4.
    \uc7ac\ubb34\uccad \uae08\uc735\uad6d\uc740 \ud574\ub2f9 \ub9cc\uae30\ub97c \uc5f0\uc7a5\ud558\uae30 \uc704\ud574 \uc0ac\uc6a9\ud560 \uae08\uc735\uc0c1\ud488 \uad6c\uc131(\uba54\ub274)\uc744 \ub2f9\uc77c \uacf5\uac1c\ud560 \uc608\uc815\uc774\ub2e4.
    <\/li>\n\n\n\n
  4. \uc544\ub974\ud5e8\ud2f0\ub098 \uc790\uc0b0, \uc8fc\uac04 \ud750\ub984\uacfc \ud574\uc678 \uc2dc\uc7a5 \ubc18\uc751
    S&P \uba54\ub974\ubc1c \uc9c0\uc218\ub294 \ud55c \uc8fc \ub3d9\uc548 \ud398\uc18c \uae30\uc900 1.2% \ud558\ub77d, CCL \ud658\uc728 \uae30\uc900 0.4% \ud558\ub77d\ud558\uba70 \ub9c8\uac10\ud588\ub2e4. \uc774\ub294 \ud658\uc728\uc758 \uc18c\ud3ed \ud558\ub77d\uc774 \ub3d9\ubc18\ub41c \ud658\uacbd\uc5d0\uc11c \ub098\ud0c0\ub0ac\ub2e4.
    \ud574\uc678\uc5d0\uc11c\ub294 \ud2b9\ud788 \uc5d0\ub108\uc9c0 \uc139\ud130 \uad00\ub828 \uc544\ub974\ud5e8\ud2f0\ub098 \uae30\uc5c5 ADR\uc774 \ub274\uc695 \uc99d\uc2dc\uc5d0\uc11c \ud070 \ud3ed\uc73c\ub85c \ud558\ub77d\ud588\ub2e4. \uc774\ub294 \ubca0\ub124\uc218\uc5d8\ub77c\uac00 \ubbf8\uad6d \uc815\uc720\uc5c5\uccb4\uc758 \ud575\uc2ec \uc6d0\uc720 \uacf5\uae09\uad6d\uc73c\ub85c \ubd80\uc0c1\ud560 \uac83\uc774\ub77c\ub294 \ud655\uc778 \uc774\ud6c4, \uad6d\uc81c \uc720\uac00 \uc804\ub9dd\uc774 \uc545\ud654\ub41c \ub370 \ub530\ub978 \uac83\uc774\ub2e4.
    \ucc44\uad8c \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44\uac00 \uc18c\ud3ed \ud558\ub77d, \uc774\ub294 \uc6d0\uae08\u00b7\uc774\uc790 \uc9c0\uae09 \uc601\ud5a5\ub3c4 \ubc18\uc601\ub418\uc5c8\ub2e4. \uc774\ub85c \uc778\ud574 \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 9bp \uc0c1\uc2b9\ud574 566\ud3ec\uc778\ud2b8\ub97c \uae30\ub85d\ud588\ub2e4.
    Infobae\uc9c0\uac00 \ubcf4\ub3c4\ud55c \ubd84\uc11d\uc5d0 \ub530\ub974\uba74, 12\uc6d4\uc5d0 \uc99d\uac00\ud588\ub358 \uacc4\uc808\uc801 \ud398\uc18c \uc218\uc694\ub294 1\uc6d4 \ud558\uc21c~2\uc6d4\uc5d0 \ub418\ub3cc\ub824\uc9c8 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 2026\ub144 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc57d 20%\ub85c \uc608\uc0c1\ub418\ub294 \uc0c1\ud669\uc5d0\uc11c, \ud398\uc18c \ud45c\uc2dc \uc218\uc775\ub960\uc740 \uc2e4\uc9c8 \uae30\uc900\uc73c\ub85c \uc5ec\uc804\ud788 \ub192\uc740 \uc218\uc900\uc774\ub2e4.
    \uc774\ub7ec\ud55c \ud658\uacbd\uc5d0\uc11c \uacbd\uc81c\ud300\uc758 \ud575\uc2ec \uacfc\uc81c\ub294 \ud398\uc18c\u00b7\ub2ec\ub7ec \ubaa8\ub450\uc5d0\uc11c \ubd80\ucc44\uc758 \ud3c9\uade0 \ub9cc\uae30\ub97c \uc5f0\uc7a5\ud558\ub294 \uac83\uc774\uba70, \uc815\uce58\uc801\uc73c\ub85c \ud070 \ubcc0\uc218 \uc5c6\ub294 2026\ub144\uc744 \ud65c\uc6a9\ud558\ub294 \uc804\ub7b5\uc774 \uc911\uc694\ud558\ub2e4\uace0 \ud3c9\uac00\ub41c\ub2e4.
    <\/li>\n\n\n\n
  5. \ubbf8\uad6d, \uc544\ub974\ud5e8\ud2f0\ub098 \ud658\uc728 \uc9c0\uc6d0 \u2018\uc218\uc775\u2019 \ub0a8\uae30\uba70 \uc885\ub8cc
    \uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA)\uc740 2025\ub144 12\uc6d4, 10\uc6d4\uc5d0 \uce58\ub7ec\uc9c4 \uc785\ubc95 \uc120\uac70 \uc774\uc804\uc5d0 \ubbf8\uad6d\uacfc \ubc1c\ub3d9\ud588\ub358 \ud1b5\ud654 \uc2a4\uc651(swap) \uccb4\uacb0\uc744 \uc0c1\ud658\u00b7\uc885\ub8cc\ud588\ub2e4.
    \uc774 \uc2a4\uc651\uc740 \uc6cc\uc2f1\ud134\uc774 \ud658\uc728 \uc2dc\uc7a5 \uc548\uc815\uc744 \uc704\ud574 \ub2ec\ub7ec\ub97c \uc81c\uacf5\ud588\ub358 \uba54\ucee4\ub2c8\uc998\uc774\uc5c8\ub2e4.
    \uadf8\ub7ec\ub098 \uc774 \uac70\ub798\ub294 \ubbf8\uad6d\uc5d0\uac8c \uc911\ub9bd\uc801\uc774\uc9c0\ub294 \uc54a\uc558\ub2e4.
    \ubbf8\uad6d \uc7ac\ubb34\ubd80\ub294 \u201c\uc218\ucc9c\ub9cc \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc774\uc775\u201d\uc744 \uc5bb\uc5c8\ub2e4\uace0, \uc7ac\ubb34\uc7a5\uad00 \uc2a4\ucf67 \ubca0\uc13c\ud2b8(Scott Bessent)\uac00 \uc9c1\uc811 \ud655\uc778\ud588\ub2e4.
    \uc0c1\ud658\ub41c \uae08\uc561\uc740 25\uc5b5 3,400\ub9cc \ub2ec\ub7ec\ub85c,
    \uc774\ub294 \ucd1d \ucd5c\ub300 200\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc5d0 \ub2ec\ud558\ub294 \uc804\uccb4 \uc2a4\uc651 \uc911 \uc77c\ubd80\uc5d0 \ud574\ub2f9\ud55c\ub2e4.
    BCRA\ub294 \ud574\ub2f9 \uac70\ub798\uc758 \uc885\ub8cc \uc0ac\uc2e4\uc740 \uacf5\uc2dd\uc801\uc73c\ub85c \uc54c\ub838\uc9c0\ub9cc, \uc0c1\ud658\uc5d0 \uc0ac\uc6a9\ub41c \uc790\uae08\uc758 \ucd9c\ucc98\uc5d0 \ub300\ud574\uc11c\ub294 \uacf5\uc2dd\uc801\uc73c\ub85c \uba85\uc2dc\ud558\uc9c0 \uc54a\uc558\ub2e4.<\/li>\n<\/ol>\n\n\n\n

    \ud574\ub2f9 \uae30\uad00\uc758 \uc7ac\ubb34\uc81c\ud45c\uc0c1\uc5d0\uc11c\ub294 \uc774 \ubd80\ucc44\uac00 \uad6d\uc81c\uae30\uad6c\uc5d0 \ub300\ud55c \ucc44\ubb34\ub85c \uae30\ub85d\ub418\uc5b4 \uc788\ub2e4. \uc774\ubc88 \uc0c1\ud658\uc740 \uad6d\uc81c\uacb0\uc81c\uc740\ud589(BIS)\uc758 \ub300\ucd9c\uc744 \ud1b5\ud574 \uc870\ub2ec\ub418\uc5c8\uc744 \uac00\ub2a5\uc131\uc774 \uc788\ub294 \uac83\uc73c\ub85c \uc804\ud574\uc84c\uc73c\ub098, \uc774 \ub0b4\uc6a9\uc740 \uacf5\uc2dd\uc801\uc73c\ub85c \ud655\uc778\ub418\uc9c0\ub294 \uc54a\uc558\ub2e4.
    \uc774\ubc88 \uac70\ub798 \uc774\ud6c4 \ubbf8\uad6d \uc7ac\ubb34\ubd80\ub294, \ub300\ucc28\ub300\uc870\ud45c\uc0c1\uc5d0 \ub354 \uc774\uc0c1 \uc544\ub974\ud5e8\ud2f0\ub098 \ud398\uc18c\ub97c \ubcf4\uc720\ud558\uace0 \uc788\uc9c0 \uc54a\ub2e4\uace0 \ubc1d\ud614\ub2e4. \ub2e4\ub9cc 10\uc6d4 \ub9d0 \uae30\uc900\uc73c\ub85c\ub294 \uc720\ub85c\ud654, \uc5d4\ud654, \uadf8\ub9ac\uace0 \uc790\uad6d \ud1b5\ud654(\ub2ec\ub7ec)\uac00 \uc5ec\uc804\ud788 \uae30\ub85d\ub418\uc5b4 \uc788\uc5c8\ub2e4.
    \ubbf8\uad6d \uc7ac\ubb34\ubd80 \uc790\uccb4 \uc790\ub8cc\uc5d0 \ub530\ub974\uba74, \ud574\ub2f9 \uc6d4\uc758 \uc678\ud658 \uc6b4\uc6a9 \uacb0\uacfc \ucd1d 8\uc5b54,900\ub9cc \ub2ec\ub7ec\uc758 \uc774\uc775\uc774 \ubc1c\uc0dd\ud588\uc73c\ub098, \uc774 \uc911 \uc5bc\ub9c8\uac00 \uc544\ub974\ud5e8\ud2f0\ub098 \uac1c\uc785\uc5d0\uc11c \ubc1c\uc0dd\ud588\ub294\uc9c0\ub294 \uad6c\uccb4\uc801\uc73c\ub85c \uad6c\ubd84\ub418\uc9c0 \uc54a\uc558\ub2e4.
    \ud604\uc9c0 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc6cc\uc2f1\ud134\uc774 \ub2e8\uae30\uac04 \ub0b4 \uc544\ub974\ud5e8\ud2f0\ub098 \uc678\ud658\uc2dc\uc7a5\uc5d0 \uc9c1\uc811 \uac1c\uc785\ud558\uc9c0\ub294 \uc54a\uc744 \uac83\uc774\ub77c\ub294 \uc778\uc2dd\uc774 \uc6b0\uc138\ud558\ub2e4.<\/p>\n\n\n\n

      \n
    1. \uc720\ub7fd\uc5f0\ud569(EU) \uba54\ub974\ucf54\uc218\ub974\uc640 \ud611\uc815 \uc9c0\uc9c0 \ud45c\uba85, \ucd5c\uc885 \ube44\uc900 \uc5ec\uc804\ud788 \ubd88\ud655\uc2e4\ud55c \uc0c1\ud0dc
      \uc720\ub7fd\uc5f0\ud569 \uc774\uc0ac\ud68c\ub294 \uba54\ub974\ucf54\uc218\ub974\uc640\uc758 \ubb34\uc5ed \ud611\uc815\uc744 \uc608\ube44\uc801\uc73c\ub85c \uc2b9\uc778\ud588\ub2e4. \uc774\ub294 \uc911\uc694\ud55c \uc9c4\uc804\uc774\uc9c0\ub9cc \uc544\uc9c1 \ucd5c\uc885 \ub2e8\uacc4\ub294 \uc544\ub2c8\ub2e4.
      \ud68c\uc6d0\uad6d\ub4e4\uc774 \uc774\ubbf8 \uc815\uce58\uc801 \uc9c0\uc9c0\ub97c \ubd80\uc5ec\ud588\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \uc774 \uc870\uc57d\uc740 \uc5ec\uc804\ud788 \uacb0\uc815\uc801\uc778 \uc808\ucc28\ub4e4\uc744 \ud1b5\uacfc\ud574\uc57c \ud558\uba70, \ud2b9\ud788 2026\ub144 \ub0b4\ub0b4 \uaca9\ub82c\ud558\uace0 \uc591\uadf9\ud654\ub41c \ub17c\uc7c1\uc774 \uc608\uc0c1\ub418\ub294 \uc720\ub7fd\uc758\ud68c\uc758 \ube44\uc900\uc774 \ud575\uc2ec \uad00\ubb38\uc73c\ub85c \ub0a8\uc544 \uc788\ub2e4.
      \uc774 \ud611\uc815\uc740 \u2018\ud63c\ud569\ud615(mixed)\u2019 \uc131\uaca9\uc744 \ub760\uace0 \uc788\uc73c\uba70, \ub450 \uac1c\uc758 \ucd95\uc73c\ub85c \uad6c\uc131\ub41c\ub2e4. \ud558\ub098\ub294 \uad00\uc138, \ucffc\ud130, \uc2dc\uc7a5 \uc811\uadfc\uc744 \uaddc\uc815\ud558\ub294 \ubb34\uc5ed \ubd80\ubb38\uc774\uace0, \ub2e4\ub978 \ud558\ub098\ub294 \uc778\uad8c, \uc9c0\uc18d\uac00\ub2a5\uc131, \uac70\ubc84\ub10c\uc2a4 \ud611\ub825\uc744 \uc911\uc2ec\uc73c\ub85c \ud55c \uc815\uce58\uc801 \uc5f0\ud569 \ubd80\ubb38\uc774\ub2e4.
      \uc774 \ub450 \ucd95 \ubaa8\ub450 \uc720\ub7fd\uc758\ud68c\uc758 \uc2b9\uc778\uc744 \ubc1b\uc544\uc57c\ub9cc \ud611\uc815\uc774 \ubc1c\ud6a8\ub41c\ub2e4.
      \uc8fc\uc694 \uc7a5\uc560\ubb3c \uc911 \ud558\ub098\ub294 \uac01\uad6d \uc815\uce58\uad8c\uc758 \ubc18\ub300\uc778\ub370, \ud2b9\ud788 \ud504\ub791\uc2a4\uc5d0\uc11c\ub294 \ub18d\uc5c5\uacfc \ucd95\uc0b0\uc5c5\uc5d0 \ubbf8\uce60 \uc7a0\uc7ac\uc801 \uc601\ud5a5\uc744 \uc774\uc720\ub85c \ub2e4\uc218\uc758 \uc720\ub7fd\uc758\uc6d0\ub4e4\uc774 \ud611\uc815\uc5d0 \ubc18\ub300\ud558\uace0 \uc788\ub2e4.
      \ub9cc\uc57d \uc131\uc0ac\ub420 \uacbd\uc6b0, \uc774 \ud611\uc815\uc740 7\uc5b52\ucc9c\ub9cc \uba85 \uc774\uc0c1\uc758 \uc18c\ube44\uc790\ub97c \ud3ec\uad04\ud558\ub294 \uc138\uacc4 \ucd5c\ub300 \uaddc\ubaa8\uc758 \uc790\uc720\ubb34\uc5ed\uc9c0\ub300\ub97c \ud615\uc131\ud558\uac8c \ub41c\ub2e4.
      \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uace1\ubb3c\uac70\ub798\uc18c \uc0b0\ud558 INAI \uc7ac\ub2e8\uc758 \ubcf4\uace0\uc11c\uc5d0 \ub530\ub974\uba74, \uc774 \ud611\uc815\uc740 \uba54\ub974\ucf54\uc218\ub974\uc758 \uad6d\uc81c\uc801 \ud1b5\ud569\uc744 \uc704\ud55c \uc804\ub7b5\uc801 \uae30\ud68c\uc774\uba70, \ud2b9\ud788 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uacfc \ub2e4\uc790\uc8fc\uc758\uc758 \ud6c4\ud1f4\uac00 \ub450\ub4dc\ub7ec\uc9c0\ub294 \uae00\ub85c\ubc8c \ud658\uacbd \uc18d\uc5d0\uc11c \uc544\ub974\ud5e8\ud2f0\ub098 \ub18d\uacf5\uc5c5 \uac00\uce58\uc0ac\uc2ac\uc5d0 \uc911\uc694\ud55c \uae30\ud68c\ub97c \uc81c\uacf5\ud55c\ub2e4.
      <\/li>\n\n\n\n
    2. \ud2b8\ub7fc\ud504\uc640 \uc5f0\uc900(Fed) \uac04\uc758 \uae34\uc7a5 \uc2dc\uc7a5 \ub4a4\ud754\ub4e4\uc5b4 : \ub2ec\ub7ec \ud558\ub77d, \uae08 \uc0ac\uc0c1 \ucd5c\uace0\uce58 \uacbd\uc2e0
      \uad6d\uc81c \uae08\uc735\uc2dc\uc7a5\uc740 \ubbf8\uad6d \ud1b5\ud654\uc815\ucc45\uc758 \ub3c5\ub9bd\uc131\uc744 \ub458\ub7ec\uc2fc \ubd88\uc548\uc774 \ucee4\uc9c0\ub294 \uac00\uc6b4\ub370, \ub69c\ub837\ud55c \uc57d\uc138 \ubd84\uc704\uae30\ub85c \ud55c \uc8fc\ub97c \uc2dc\uc791\ud588\ub2e4.
      \ub2ec\ub7ec\ub294 \ud06c\uac8c \uc57d\uc138\ub97c \ubcf4\uc600\uace0, \uae08 \uac00\uaca9\uc740 \uc628\uc2a4\ub2f9 4,600\ub2ec\ub7ec\ub97c \ub118\uc5b4\uc11c\uba70 \uc0c8\ub85c\uc6b4 \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\ub2e4. \uc774\ub294 \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uacfc \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4 \uc758\uc7a5 \uac04\uc758 \uc0c8\ub86d\uace0 \uc2ec\uac01\ud55c \ucda9\ub3cc \uc774\ud6c4 \ub098\ud0c0\ub09c \uacb0\uacfc\ub2e4.
      \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed) \uc758\uc7a5 \uc81c\ub86c \ud30c\uc6d4\uacfc \uad00\ub828\ud574, \ubbf8\uad6d \ubc95\ubb34\ubd80\uac00 \uc6cc\uc2f1\ud134 \uc18c\uc7ac \uc5f0\uc900 \ubcf8\ubd80 \uac74\ubb3c \ub9ac\ub178\ubca0\uc774\uc158\uacfc \uc758\ud68c \uc99d\uc5b8\uacfc \uc5f0\uad00\ub41c \uc0ac\uc548\uc73c\ub85c \ud30c\uc6d4\uc5d0 \ub300\ud55c \ud615\uc0ac \uc218\uc0ac\uc5d0 \ucc29\uc218\ud588\ub2e4\ub294 \ud655\uc778\uc774 \uc774\ubc88 \uc0ac\ud0dc\uc758 \uc9c1\uc811\uc801\uc778 \ucd09\ubc1c \uc694\uc778\uc774\uc5c8\ub2e4.
      \ud30c\uc6d4 \uce21\uc740 \uc774\ubc88 \uacf5\uc138\uac00 \ubc31\uc545\uad00\uc758 \uc815\uce58\uc801 \uc120\ud638\uc5d0 \ub9de\ucdb0 \uae08\ub9ac\ub97c \uc870\uc815\ud558\uc9c0 \uc54a\uaca0\ub2e4\ub294 \uc5f0\uc900\uc758 \uc785\uc7a5\uc5d0 \ub300\ud55c \ubcf4\ubcf5\uc774\ub77c\uace0 \ubc18\ubc15\ud588\ub2e4.
      \uadf8 \uacb0\uacfc \ub2ec\ub7ec \uc778\ub371\uc2a4\ub294 \uc720\ub7fd \uc2dc\uc7a5 \ucd08\ubc18 \uac70\ub798\uc5d0\uc11c \uc57d 0.4% \ud558\ub77d\ud558\uba70 5\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9\uc138\ub97c \ub9c8\uac10\ud588\uace0, \uc6d4\uac00 \uc120\ubb3c\uc740 \uc8fc \ucd08 \uc57d\uc138 \ucd9c\ubc1c\uc744 \uc608\uace0\ud588\ub2e4.
      \ub9e4\ub3c4 \uc555\ub825\uc740 \ubbf8\uad6d \uc790\uc0b0 \uc804\ubc18\uc73c\ub85c \ud655\uc0b0\ub418\uc5c8\ub2e4.
      \uc5ec\uae30\uc5d0 \uc6cc\uc2f1\ud134\uc758 \uac15\uacbd\ud55c \uc678\uad50 \uae30\uc870\uc640 \uc911\ub3d9 \ubc0f \ub77c\ud2f4\uc544\uba54\ub9ac\uce74\uc5d0\uc11c\uc758 \uc0c8\ub85c\uc6b4 \ubd84\uc7c1 \uc694\uc778\uc774 \ub354\ud574\uc9c0\uba70 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc774 \uace0\uc870\ub418\uace0 \uc788\ub2e4. \uc774\ub7ec\ud55c \ubcf5\ud569 \uc694\uc778\uc740 \uae00\ub85c\ubc8c \uc704\ud5d8 \ud68c\ud53c \uc131\ud5a5\uc744 \uac15\ud654\uc2dc\ud0a4\uba70, \ud22c\uc790\uc790\ub4e4\uc774 \ub2ec\ub7ec \ud45c\uc2dc \uc790\uc0b0\uc744 \ubcf4\uc720\ud558\uae30 \uc704\ud574 \ub354 \ub192\uc740 \uc704\ud5d8 \ud504\ub9ac\ubbf8\uc5c4\uc744 \uc694\uad6c\ud558\ub3c4\ub85d \ub9cc\ub4e4\uace0 \uc788\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

      \uc624\ub298\uc758 \uacbd\uc81c \ud574\ub2f9 \uae30\uad00\uc758 \uc7ac\ubb34\uc81c\ud45c\uc0c1\uc5d0\uc11c\ub294 \uc774 \ubd80\ucc44\uac00 \uad6d\uc81c\uae30\uad6c\uc5d0 \ub300\ud55c \ucc44\ubb34\ub85c \uae30\ub85d\ub418\uc5b4 \uc788\ub2e4. \uc774\ubc88 \uc0c1\ud658\uc740 \uad6d\uc81c\uacb0\uc81c\uc740\ud589(BIS)\uc758 \ub300\ucd9c\uc744 \ud1b5\ud574 \uc870\ub2ec\ub418\uc5c8\uc744 \uac00\ub2a5\uc131\uc774 \uc788\ub294 \uac83\uc73c\ub85c \uc804\ud574\uc84c\uc73c\ub098, \uc774 \ub0b4\uc6a9\uc740 \uacf5\uc2dd\uc801\uc73c\ub85c \ud655\uc778\ub418\uc9c0\ub294 \uc54a\uc558\ub2e4.\uc774\ubc88 \uac70\ub798 \uc774\ud6c4 \ubbf8\uad6d \uc7ac\ubb34\ubd80\ub294, \ub300\ucc28\ub300\uc870\ud45c\uc0c1\uc5d0 \ub354 \uc774\uc0c1 \uc544\ub974\ud5e8\ud2f0\ub098 \ud398\uc18c\ub97c \ubcf4\uc720\ud558\uace0 \uc788\uc9c0 \uc54a\ub2e4\uace0 \ubc1d\ud614\ub2e4. \ub2e4\ub9cc 10\uc6d4 \ub9d0 \uae30\uc900\uc73c\ub85c\ub294 \uc720\ub85c\ud654, \uc5d4\ud654, \uadf8\ub9ac\uace0 \uc790\uad6d \ud1b5\ud654(\ub2ec\ub7ec)\uac00 \uc5ec\uc804\ud788 \uae30\ub85d\ub418\uc5b4 \uc788\uc5c8\ub2e4.\ubbf8\uad6d \uc7ac\ubb34\ubd80 \uc790\uccb4 \uc790\ub8cc\uc5d0 \ub530\ub974\uba74, \ud574\ub2f9 \uc6d4\uc758 \uc678\ud658 \uc6b4\uc6a9 \uacb0\uacfc \ucd1d 8\uc5b54,900\ub9cc \ub2ec\ub7ec\uc758 \uc774\uc775\uc774 \ubc1c\uc0dd\ud588\uc73c\ub098, \uc774 \uc911 \uc5bc\ub9c8\uac00 \uc544\ub974\ud5e8\ud2f0\ub098 \uac1c\uc785\uc5d0\uc11c \ubc1c\uc0dd\ud588\ub294\uc9c0\ub294 \uad6c\uccb4\uc801\uc73c\ub85c \uad6c\ubd84\ub418\uc9c0 \uc54a\uc558\ub2e4.\ud604\uc9c0 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc6cc\uc2f1\ud134\uc774 \ub2e8\uae30\uac04 \ub0b4 \uc544\ub974\ud5e8\ud2f0\ub098 \uc678\ud658\uc2dc\uc7a5\uc5d0 \uc9c1\uc811 \uac1c\uc785\ud558\uc9c0\ub294 \uc54a\uc744 \uac83\uc774\ub77c\ub294 \uc778\uc2dd\uc774 \uc6b0\uc138\ud558\ub2e4.<\/p>\n","protected":false},"author":6,"featured_media":11080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-11079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11079"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/11080"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}