{"id":14013,"date":"2026-08-10T15:05:48","date_gmt":"2026-08-10T18:05:48","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=14013"},"modified":"2026-08-10T15:05:49","modified_gmt":"2026-08-10T18:05:49","slug":"%ea%b2%bd%ec%a0%9c-%ec%86%8c%ec%8b%9d-1-%ec%b5%9c%ea%b7%bc-3%eb%85%84%ea%b0%84-%ea%b0%90%ec%86%8c%ed%95%9c-%ec%84%b8%ec%88%98-10%ed%8e%98%ec%86%8c-%ec%a4%91-6%ed%8e%98%ec%86%8c%eb%8a%94-%ea%b2%bd","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=14013","title":{"rendered":"[\uacbd\uc81c \uc18c\uc2dd 1] \ucd5c\uadfc 3\ub144\uac04 \uac10\uc18c\ud55c \uc138\uc218 10\ud398\uc18c \uc911 6\ud398\uc18c\ub294 \uacbd\uc81c\ud65c\ub3d9 \ubd80\uc9c4 \ub54c\ubb38"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"272\" height=\"181\" src=\"https:\/\/hanin.org.ar\/wp-content\/uploads\/2026\/08\/download-2.webp\" alt=\"\" class=\"wp-image-14015\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\ucd5c\uadfc 3\ub144\uac04 \uac10\uc18c\ud55c \uc138\uc218 10\ud398\uc18c \uc911 6\ud398\uc18c\ub294 \uacbd\uc81c\ud65c\ub3d9 \ubd80\uc9c4 \ub54c\ubb38<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc138\uacc4\uc801\uc778 \uc740\ud589 Barclays \ubcf4\uace0\uc11c\uc5d0 \ub530\ub974\uba74 \uacbd\uc81c\ud65c\ub3d9\uc758 \ubd80\uc9c4\uacfc \uc784\uae08 \uc815\uccb4\uac00 \uc138\uc218\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\uae30 \uc2dc\uc791\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \uac10\uc138\ub97c \ud1b5\ud574 \uacbd\uc81c\ub97c \ud65c\uc131\ud654\ud560 \uc218 \uc788\ub294 \uc5ec\ub825\ub3c4 \ud06c\uc9c0 \uc54a\uc740 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4.<br>2026\ub144 8\uc6d4 9\uc77c Agust\u00edn Maza\uae30\uc0ac<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc544\ub974\ud5e8\ud2f0\ub098 \uacbd\uc81c\uc758 \ubd88\uade0\ub4f1\ud55c \ud68c\ubcf5 \uc591\uc0c1\uc774 \ud558\ube44\uc5d0\ub974 \ubc00\ub808\uc774 \uc815\ubd80 \uacbd\uc81c\uc815\ucc45\uc758 \ud575\uc2ec \ucd95 \uac00\uc6b4\ub370 \ud558\ub098\uc778 \uc7ac\uc815 \ud751\uc790\uc5d0\ub3c4 \uc601\ud5a5\uc744 \ubbf8\uce58\uae30 \uc2dc\uc791\ud588\ub2e4.<br>\uc601\uad6d\uacc4 \uc740\ud589 Barclays\uac00 \uc8fc\ub9d0 \uace0\uac1d\ub4e4\uc5d0\uac8c \ubcf4\ub0b8 \ubcf4\uace0\uc11c\uc5d0 \ub530\ub974\uba74, \uacbd\uc81c\ud65c\ub3d9 \ubc0f \uadfc\ub85c\uc18c\ub4dd\uacfc \uad00\ub828\ub41c \uc138\uae08\uc774 2023\ub144 \uc0c1\ubc18\uae30\ubd80\ud130 2026\ub144 \uac19\uc740 \uae30\uac04\uae4c\uc9c0 \ubc1c\uc0dd\ud55c \uc2e4\uc9c8 \uc138\uc218 \uac10\uc18c\ubd84\uc758 60%\ub97c \ucc28\uc9c0\ud588\ub2e4.<br>\uc0b0\uc5c5, \uac74\uc124, \uc0c1\uc5c5 \ub4f1 \uacbd\uc81c\ud65c\ub3d9\uacfc \uc138\uc218\uc5d0\uc11c \uc911\uc694\ud55c \ube44\uc911\uc744 \ucc28\uc9c0\ud558\ub294 \ubd84\uc57c\uc758 \uacbd\uae30 \ub0c9\uac01\uc740 \ub18d\uc5c5, \uad11\uc5c5, \uc5d0\ub108\uc9c0 \ub4f1 \ub2e4\ub978 \ubd84\uc57c\uc758 \uc131\uc7a5\uacfc \ub300\uc870\ub97c \uc774\ub8e8\uace0 \uc788\ub2e4.<br>\uc774\ucc98\ub7fc \uc5c5\uc885\ubcc4 \uacbd\uae30 \ud68c\ubcf5 \uc18d\ub3c4\uac00 \uc11c\ub85c \ub2e4\ub978 \uc0c1\ud669\uc740 \uc815\ubd80 \uc7ac\uc815\uc5d0 \ubd80\ub2f4\uc744 \uc8fc\uae30 \uc2dc\uc791\ud588\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uacbd\uc81c\ub97c \ud65c\uc131\ud654\ud558\uae30 \uc704\ud55c \uac10\uc138 \uc815\ucc45\uc744 \ucd94\uc9c4\ud560 \uc218 \uc788\ub294 \uc7ac\uc815\uc801 \uc5ec\ub825\uc774 \uc904\uc5b4\ub4e4\uace0 \uc788\ub2e4.<br>Barclays\uc758 \ubd84\uc11d\uc740 \uad6d\uac00\uc758 \uc8fc\uc694 \uc138\uc785\uc6d0 \uac00\uc6b4\ub370 \ub124 \uac00\uc9c0\ub97c \ub300\uc0c1\uc73c\ub85c \ud588\ub2e4.<br>\ubd80\uac00\uac00\uce58\uc138(IVA), \uc18c\ub4dd\uc138(Ganancias), \uc0ac\ud68c\ubcf4\uc7a5\uae30\uc5ec\uae08, \uc740\ud589\uacc4\uc88c \uc785\ucd9c\uae08\uc138(impuesto a los cr\u00e9ditos y d\u00e9bitos)\uc774\ub2e4.<br>\ubcf4\uace0\uc11c\ub294 \uc138\uc785 \uc545\ud654\uc758 \ubc30\uacbd\uc5d0\ub294 \uc11c\ub85c \ub2e4\ub978 \ub450 \uac00\uc9c0 \ud604\uc0c1\uc774 \uc874\uc7ac\ud55c\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4.<br>\ud558\ub098\ub294 \uc815\ubd80\uac00 \uc758\ub3c4\uc801\uc73c\ub85c \uc138\uae08\uc774\ub098 \uc138\uc728\uc744 \ub0ae\ucd98 \ub370 \ub530\ub978 \uc138\uc218 \uac10\uc18c\uc774\ub2e4.<br>\ub2e4\ub978 \ud558\ub098\ub294 \uc815\ubd80\uac00 \uc758\ub3c4\ud55c \uac83\uc774 \uc544\ub2c8\ub77c \uacbd\uc81c\ud65c\ub3d9 \ubd80\uc9c4\uacfc \uc2e4\uc9c8\uc784\uae08 \uc815\uccb4\ub85c \uc778\ud574 \ubc1c\uc0dd\ud55c \uc138\uc218 \uac10\uc18c\uc774\ub2e4.<br>\uc774\ub7ec\ud55c \uad6c\ubd84\uc740 \uacf5\uacf5\uc7ac\uc815\uc758 \uc6c0\uc9c1\uc784\uc5d0 \ubcc0\ud654\uac00 \ub098\ud0c0\ub098\uace0 \uc788\ub2e4\ub294 \uc810\uc5d0\uc11c \uc911\uc694\ud558\ub2e4.<br>\ubc00\ub808\uc774 \uc815\ubd80 \uc9d1\uad8c \ucd08\uae30\uc758 \uac15\ub825\ud55c \uc7ac\uc815\uc870\uc815\uc740 \uc8fc\ub85c \uc815\ubd80 \uc9c0\ucd9c \uc0ad\uac10\uc5d0 \uc9d1\uc911\ub418\uc5b4 \uc788\uc5c8\ub2e4. Barclays\uc5d0 \ub530\ub974\uba74 \uc815\ubd80\uc758 \uc9c0\ucd9c \uac10\uc18c\ub294 \ub2f9\ucd08 \uc0c1\ub2f9\uc218 \uc2dc\uc7a5 \uad00\uacc4\uc790\ub4e4\uc774 \uc608\uc0c1\ud588\ub358 \uac83\ubcf4\ub2e4 \ud6e8\uc52c \uc9c0\uc18d\uc801\uc73c\ub85c \uc720\uc9c0\ub410\ub2e4.<br>\uc62c\ud574 \uc0c1\ubc18\uae30 \uc0ac\ud68c\ubcf5\uc9c0 \uc9c0\ucd9c\uc740 2023\ub144 \uac19\uc740 \uae30\uac04\ubcf4\ub2e4 14% \uac10\uc18c\ud588\uace0, \ubcf4\uc870\uae08\uc740 61% \uac10\uc18c, \uc790\ubcf8\uc9c0\ucd9c\uc740 \ubb34\ub824 85% \uac10\uc18c\ud588\ub2e4.<br>\uc774 \uc138 \uac00\uc9c0 \ud56d\ubaa9\uc774 \uc804\uccb4 \uacf5\uacf5\uc9c0\ucd9c \uac10\uc18c\ubd84\uc758 \uc57d 4\ubd84\uc758 3\uc744 \ucc28\uc9c0\ud588\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uacbd\uc81c\ud65c\ub3d9\uacfc \uad00\ub828\ub41c \uc138\uc218\uc758 \uc9c0\uc18d\uc801\uc778 \uc545\ud654<br>\uacbd\uc81c\ud65c\ub3d9\uacfc \uc5f0\uacc4\ub41c \uc138\uc785\uc740 \uacc4\uc18d\ud574\uc11c \uc545\ud654\ub418\ub294 \ubaa8\uc2b5\uc744 \ubcf4\uc774\uace0 \uc788\ub2e4.<br>6\uac1c\uc6d4 \uc774\ub3d9\ud3c9\uade0 \uae30\uc900\uc73c\ub85c 7\uc6d4 \uc138\uc785\uc740 2025\ub144 \uc0c1\ubc18\uae30 \uc218\uc900\ubcf4\ub2e4 \ub0ae\uc544\uc84c\ub2e4.<br>\uc804\uccb4 \uc138\uc218\ub294 \uc774\ubcf4\ub2e4 \ub354 \ud070 \ud3ed\uc73c\ub85c \uac10\uc18c\ud588\uc9c0\ub9cc, \uc9c0\ub09c 4\uc6d4 \uc800\uc810\uc744 \uae30\ub85d\ud55c \uc774\ud6c4\uc5d0\ub294 \uc870\uae08\uc529 \ud68c\ubcf5\ud558\uae30 \uc2dc\uc791\ud588\ub2e4.<br>5\ud398\uc774\uc9c0\uc758 \uadf8\ub798\ud504\uc5d0\uc11c\ub3c4 \uc774\ub7ec\ud55c \ud750\ub984\uc744 \ud655\uc778\ud560 \uc218 \uc788\ub2e4. (\uadf8\ub798\ud504\ub294 \uc6d0\ubb38 \ucc38\uc870)<br>\uacbd\uc81c\ud65c\ub3d9 \uad00\ub828 \uc138\uc218\ub294 \uae30\uc900\uc120\uc778 100 \uc544\ub798\uc5d0\uc11c \uc9c0\uc18d\uc801\uc73c\ub85c \uc57d\uc138\ub97c \ubcf4\uc774\uace0 \uc788\uc73c\uba70, \uc804\uccb4 \uc138\uc218\ub294 4\uc6d4\uc744 \uc800\uc810\uc73c\ub85c \ubc18\ub4f1\ud558\ub294 \ubaa8\uc2b5\uc744 \ub098\ud0c0\ub0b4\uace0 \uc788\ub2e4.<br>\uadf8\ub7ec\ub098 \uc774\uc81c \uc815\ubd80 \uc7ac\uc815\uc758 \uc57d\uc810\uc740 \uc9c0\ucd9c\uc774 \uc544\ub2c8\ub77c \uc138\uc785 \ucabd\uc5d0\uc11c \ub098\ud0c0\ub098\uace0 \uc788\ub2e4.<br>Barclays\ub294 \ud604\uc7ac \uc815\ubd80 \uc138\uc785\uc774 2023\ub144 \uc218\uc900\ubcf4\ub2e4 GDP \ub300\ube44 2.6%\ud3ec\uc778\ud2b8 \ub0ae\uc740 \uc218\uc900\uc774\ub77c\uace0 \uacc4\uc0b0\ud588\ub2e4.<br>\ub3d9\uc2dc\uc5d0 \ucd5c\uadfc 12\uac1c\uc6d4 \ub204\uc801 \uae30\ucd08\uc7ac\uc815\uc218\uc9c0 \ud751\uc790\ub294 2025\ub144 1\uc6d4 GDP \ub300\ube44 1.8%\uae4c\uc9c0 \uc62c\ub77c\uac14\ub358 \ucd5c\uace0\uc810\uc5d0\uc11c \ud604\uc7ac 1.2%\ub85c \ucd95\uc18c\ub410\ub2e4.<br>Barclays\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubd84\uc11d\ud588\ub2e4.<br>\u201c\uc7ac\uc815 \ud751\uc790\uac00 \uc545\ud654\ub418\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc0c1\ub2f9 \ubd80\ubd84 \uacbd\uc81c\ud65c\ub3d9\uc758 \ubd80\uc9c4\uc744 \ubc18\uc601\ud558\uace0 \uc788\ub2e4.\u201d<br>Barclays\ub294 2026\ub144 \uae30\ucd08\uc7ac\uc815\uc218\uc9c0\uac00 GDP \ub300\ube44 1% \ud751\uc790\ub85c \ub9c8\uac10\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.<br>\uc774\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uc815\ubd80\uac00 \uad6d\uc81c\ud1b5\ud654\uae30\uae08(IMF)\uacfc \uc62c\ud574 \ubaa9\ud45c\ub85c \uc124\uc815\ud55c GDP \ub300\ube44 1.4% \ud751\uc790\ubcf4\ub2e4 \ub0ae\uc740 \uc218\uc900\uc774\ub2e4.<br>\uc11c\ub85c \ub2e4\ub978 \uc18d\ub3c4\ub85c \uc9c4\ud589\ub418\ub294 \uacbd\uae30 \ud68c\ubcf5<br>\uadf8\ub807\ub2e4\uace0 \ud574\uc11c Barclays\uac00 \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uacf5\uacf5\uc7ac\uc815\uc774 \uc9c0\uc18d \ubd88\uac00\ub2a5\ud55c \uc0c1\ud669\uc73c\ub85c \ub4e4\uc5b4\uac14\ub2e4\uace0 \ud310\ub2e8\ud558\ub294 \uac83\uc740 \uc544\ub2c8\ub2e4.<br>Barclays\uc758 \uacc4\uc0b0\uc5d0 \ub530\ub974\uba74 \uae30\ucd08\uc7ac\uc815\uc218\uc9c0\uac00 GDP \ub300\ube44 1% \ud751\uc790\ub97c \uc720\uc9c0\ud558\uace0, \uc2e4\uc9c8\uae08\ub9ac\uac00 5%, \uc5f0\uac04 \uacbd\uc81c\uc131\uc7a5\ub960\uc774 \uc57d 2.5%\ub97c \uae30\ub85d\ud55c\ub2e4\uba74 \uc911\uc7a5\uae30\uc801\uc73c\ub85c \uad6d\uac00\ubd80\ucc44 \uc218\uc900\uc744 \uc548\uc815\uc2dc\ud0a4\ub294 \uac83\uc740 \uc5ec\uc804\ud788 \uac00\ub2a5\ud558\ub2e4.<br>\uacbd\uc81c\ud65c\ub3d9\uacfc \uad00\ub828\ub41c \uc138\uc218\uc758 \ubd80\uc9c4\uc740 \uc5b8\ub73b \ubcf4\uba74 \ubaa8\uc21c\ucc98\ub7fc \ubcf4\uc77c \uc218 \uc788\ub2e4.<br>\uc815\ubd80\uac00 \uc790\uc8fc \uac15\uc870\ud558\ub294 \uac83\ucc98\ub7fc \uc544\ub974\ud5e8\ud2f0\ub098 \uc804\uccb4 \uacbd\uc81c\ud65c\ub3d9 \uc218\uc900\uc740 \uc0ac\uc0c1 \ucd5c\uace0 \uc218\uc900\uc5d0 \uc788\uace0 \uc77c\ubd80 \uc0b0\uc5c5\uc740 \uc0c1\ub2f9\ud55c \uc131\uc7a5\uc138\ub97c \ubcf4\uc774\uace0 \uc788\uae30 \ub54c\ubb38\uc774\ub2e4.<br>\uadf8\ub7ec\ub098 \ud575\uc2ec\uc740 \uacbd\uae30 \ud68c\ubcf5\uc758 \uad6c\uc131 \ub0b4\uc6a9\uc5d0 \uc788\ub2e4.<br>\ucee8\uc124\ud305\uc5c5\uccb4 Econviews\ub294 \ud604\uc7ac \uc0c1\ud669\uc744 \ub2e4\uc74c\uacfc \uac19\uc774 \uc124\uba85\ud588\ub2e4.<br>\uacbd\uc81c\uc758 \uc0c1\ub2f9 \ubd80\ubd84\uc774 \uc544\uc9c1 \uc81c\ub300\ub85c \uc6c0\uc9c1\uc774\uc9c0 \ubabb\ud558\uace0 \uc788\ub2e4\ub294 \uc0ac\uc2e4\uc740 \uc774\ubbf8 \uacf5\uacf5\uc5f0\ud55c \ube44\ubc00\uc774\ub77c\ub294 \uac83\uc774\ub2e4.<br>\ubbfc\uac04\uc18c\ube44\ub294 \uad00\ub828 \uc870\uc0ac\uae30\uad00\ub4e4\uc758 \ud1b5\uacc4\uc5d0\uc11c \uac10\uc18c\ud558\uace0 \uc788\uc73c\uba70, \uac74\uc124\u00b7\uc0b0\uc5c5\u00b7\uc0c1\uc5c5 \uc5ed\uc2dc \uce68\uccb4\ub418\uc5b4 \uc788\ub2e4.<br>\ubc18\uba74 \uc131\uc7a5\ud558\uace0 \uc788\ub294 \uad11\uc5c5\u00b7\ub18d\uc5c5\u00b7\uc5d0\ub108\uc9c0 \ubd80\ubb38\uc740 \uc804\uccb4 GDP\uc758 \uc57d 13%\uc5d0 \ubd88\uacfc\ud558\uae30 \ub54c\ubb38\uc5d0 \uc774\ub4e4 \ubd84\uc57c\uc758 \uc131\uc7a5\ub9cc\uc73c\ub85c \uacbd\uc81c \uc804\uccb4\ub97c \ub04c\uc5b4\uc62c\ub9ac\uae30\uc5d0\ub294 \ubd80\uc871\ud558\ub2e4.<br>\ud604\uc7ac \uc0c1\ud669\uc744 \uacfc\uac70\uc640 \uac19\uc740 \uacbd\uc81c\uc704\uae30\ub77c\uace0 \ud560 \uc815\ub3c4\ub294 \uc544\ub2c8\uc9c0\ub9cc, \uacbd\uc81c\uc758 \uc0c1\ub2f9 \ubd80\ubd84\uc740 \uc5ec\uc804\ud788 \uc5b4\ub824\uc6c0\uc744 \uacaa\uace0 \uc788\ub2e4.<br>\ud2b9\ud788 \ucd5c\uadfc \uc9c0\ud45c\ub4e4\uc744 \ubcf4\uba74 2\ubd84\uae30 GDP\uac00 \uac10\uc18c\uc138\ub85c \ub9c8\uac10\ud560 \uac00\ub2a5\uc131\uc774 \uc788\uc73c\uba70, 7\uc6d4\uc758 \ucd08\uae30 \uacbd\uc81c\uc9c0\ud45c \uc5ed\uc2dc \uadf8\ub2e4\uc9c0 \uae0d\uc815\uc801\uc774\uc9c0 \uc54a\ub2e4\uace0 Econviews\ub294 \ud3c9\uac00\ud588\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">7\uc6d4 \uc138\uc218, \uac89\uc73c\ub85c\ub294 \uac1c\uc120\ub410\uc9c0\ub9cc \uc2e4\uc81c\ub85c\ub294 \ubd80\uc9c4<br>7\uc6d4 \uc804\uccb4 \uc138\uc218 \uc9c0\ud45c\ub294 \uc5b8\ub73b \ubcf4\uae30\uc5d0\ub294 \ub2e4\uc18c \uae0d\uc815\uc801\uc774\uc5c8\ub2e4. \uc138\uc218\uac00 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uc2e4\uc9c8 \uae30\uc900\uc73c\ub85c \uc57d 1% \uc99d\uac00\ud588\uae30 \ub54c\ubb38\uc774\ub2e4.<br>\uadf8\ub7ec\ub098 \ucee8\uc124\ud305\uc5c5\uccb4 Invecq\uc640 Econviews \ubaa8\ub450 \uc774 \uacb0\uacfc\uc5d0\ub294 \uc9c0\ub09c\ud574 6\uc6d4\uc5d0 \ub0a9\ubd80\ub410\ub358 \uac1c\uc778 \uc18c\ub4dd\uc138\uc758 \ub0a9\ubd80 \uae30\ud55c \uc77c\ubd80\uac00 \uc62c\ud574\ub294 7\uc6d4\ub85c \ub118\uc5b4\uac04 \uc601\ud5a5\uc774 \ud3ec\ud568\ub3fc \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4.<br>\ub530\ub77c\uc11c 6\uc6d4\uacfc 7\uc6d4\uc744 \ud569\uccd0\uc11c \ube44\uad50\ud560 \uacbd\uc6b0, Econviews\ub294 \uc804\uccb4 \uc138\uc218\uac00 \uc2e4\uc9c8 \uae30\uc900 3% \uac10\uc18c\ud55c \uac83\uc73c\ub85c \uacc4\uc0b0\ud588\ub2e4.<br>Invecq\uc5d0 \ub530\ub974\uba74 \uacbd\uc81c\ud65c\ub3d9\uacfc \uc9c1\uc811 \uad00\ub828\ub41c \uc138\uae08\uc740 7\uc6d4\uc5d0 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uc2e4\uc9c8 \uae30\uc900 2.7% \uac10\uc18c\ud588\uc73c\uba70, 2026\ub144 1~7\uc6d4 \ub204\uc801\uc73c\ub85c\ub294 2.5% \uac10\uc18c\ud588\ub2e4.<br>Econviews\ub294 \uc774\ub7ec\ud55c \uacbd\uc81c\ud65c\ub3d9 \uad00\ub828 \uc138\uc218\uac00 9\uac1c\uc6d4 \uc5f0\uc18d \uac10\uc18c\uc138\ub97c \uc774\uc5b4\uac00\uace0 \uc788\ub2e4\uace0 \ubd84\uc11d\ud588\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ubd80\uac00\uac00\uce58\uc138(IVA) \ubc18\ub4f1, \uc18c\ube44 \ud68c\ubcf5 \ub2e8\uc815 \uc5b4\ub824\uc6cc<br>\uc138\ubd80 \uc9c0\ud45c\ub97c \uc0b4\ud3b4\ubcf4\uba74 \uc11c\ub85c \uc0c1\ubc18\ub418\ub294 \uc2e0\ud638\ub3c4 \ub098\ud0c0\ub09c\ub2e4.<br>Invecq\uc5d0 \ub530\ub974\uba74 \uad6d\ub0b4 \uacbd\uc81c\ud65c\ub3d9\uc5d0\uc11c \ubc1c\uc0dd\ud558\ub294 IVA-DGI(\uad6d\ub0b4 \ubd80\uac00\uac00\uce58\uc138) \uc138\uc218\ub294 8\uac1c\uc6d4 \uc5f0\uc18d \uac10\uc18c\ud55c \ub4a4 7\uc6d4\uc5d0 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uc2e4\uc9c8 \uae30\uc900 5.7% \uc99d\uac00\ud588\ub2e4.<br>Econviews \uc5ed\uc2dc \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 5.8% \uc99d\uac00\ud588\uace0, \uacc4\uc808\uc870\uc815 \uae30\uc900\uc73c\ub85c\ub294 \uc804\uc6d4 \ub300\ube44 2.4% \uc99d\uac00\ud55c \uac83\uc73c\ub85c \uacc4\uc0b0\ud588\ub2e4.<br>\uadf8\ub7ec\ub098 \ub450 \ucee8\uc124\ud305\uc5c5\uccb4\ub294 \ub2e4\ub978 \uc138\uae08\uc5d0\uc11c \ubc1c\uc0dd\ud55c \ub0a9\uc138\uc790\uc758 \uc138\uc561\uacf5\uc81c \uc794\uc561\uc774 \ubd80\uac00\uac00\uce58\uc138 \ub0a9\ubd80\uc5d0 \ub354 \ub9ce\uc774 \uc0ac\uc6a9\ub410\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4.<br>\ub530\ub77c\uc11c \uc774\ubc88 IVA \uc138\uc218 \ubc18\ub4f1\uc774 \ubc18\ub4dc\uc2dc \uc18c\ube44\ub098 \uacbd\uc81c\ud65c\ub3d9\uc758 \uc2e4\uc9c8\uc801\uc778 \uac1c\uc120\uc744 \uc644\uc804\ud788 \ubc18\uc601\ud558\ub294 \uac83\uc740 \uc544\ub2c8\ub77c\ub294 \uac83\uc774\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc0ac\ud68c\ubcf4\uc7a5\uae30\uc5ec\uae08\ub3c4 \uac10\uc18c<br>\ub3c4\uc2dc \uacbd\uc81c \uc0c1\ud669\uc744 \ud310\ub2e8\ud560 \uc218 \uc788\ub294 \ub610 \ud558\ub098\uc758 \uc9c0\ud45c\uc778 \uc0ac\ud68c\ubcf4\uc7a5 \uad00\ub828 \uc138\uc785\uc740 \ub2e4\ub978 \ud750\ub984\uc744 \ubcf4\uc600\ub2e4.<br>Econviews\uc5d0 \ub530\ub974\uba74 \uc0ac\ud68c\ubcf4\uc7a5\uae30\uc5ec\uae08\uc740 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 3.2% \uac10\uc18c\ud588\ub2e4.<br>\uacc4\uc808\uc870\uc815 \uae30\uc900\uc73c\ub85c\ub3c4 \uac70\uc758 1\ub144 \ub3d9\uc548 \uc815\uccb4\ub41c \uc0c1\ud0dc\ub2e4.<br>\uc5ec\uae30\uc5d0\ub294 \uace0\uc6a9\uacfc \uc784\uae08 \uc0c1\ud669\ubfd0 \uc544\ub2c8\ub77c \ucd5c\uadfc \uc2dc\ud589\ub41c \uc0c8\ub85c\uc6b4 \uc81c\ub3c4\uc758 \uc601\ud5a5\ub3c4 \uc788\ub2e4.<br>\uc77c\ubd80 \uc2e0\uaddc \uc815\uaddc\uc9c1 \uadfc\ub85c\uc790\ub97c \ub300\uc0c1\uc73c\ub85c \uc0ac\ud68c\ubcf4\uc7a5\uae30\uc5ec\uae08\uc744 \ub0ae\ucdb0\uc8fc\ub294 \uc81c\ub3c4\uac00 \uc2dc\ud589\ub418\uba74\uc11c \uad00\ub828 \uc138\uc218\uac00 \uac10\uc18c\ud55c \uac83\uc774\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc740\ud589\uacc4\uc88c \uc785\ucd9c\uae08\uc138\ub3c4 \uac10\uc18c<br>\uc740\ud589\uacc4\uc88c\uc758 \uc785\uae08\uacfc \ucd9c\uae08\uc5d0 \ubd80\uacfc\ub418\ub294 \uc740\ud589\uacc4\uc88c \uc785\ucd9c\uae08\uc138(impuesto a los cr\u00e9ditos y d\u00e9bitos) \uc5ed\uc2dc \uac10\uc18c\ud588\ub2e4.<br>Invecq\uc5d0 \ub530\ub974\uba74 7\uc6d4 \uc138\uc218\ub294 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uc2e4\uc9c8 \uae30\uc900 11.2% \uac10\uc18c\ud588\uc73c\uba70, \uc62c\ud574 \ub204\uc801\uc73c\ub85c\ub294 2.7% \uac10\uc18c\ud588\ub2e4.<br>\ub2e4\ub9cc \uc774\ub7ec\ud55c \uac10\uc18c\uc5d0\ub294 \uc0c8\ub85c\uc6b4 \uc138\uae08 \uba74\uc81c \uc870\uce58\uc640 \uc9c0\ub09c\ud574\ubcf4\ub2e4 \uc601\uc5c5\uc77c\uc774 \ud558\ub8e8 \uc801\uc5c8\ub358 \uc810\ub3c4 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4\uace0 Invecq\ub294 \uc124\uba85\ud588\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc218\ucd9c\uc138\uc640 \uc218\uc785\uad00\uc138\ub3c4 \uac10\uc18c<br>\ub300\uc678\ubb34\uc5ed\uacfc \uad00\ub828\ub41c \uc138\uae08 \uc5ed\uc2dc \uac10\uc18c\ud588\uc9c0\ub9cc \uadf8 \uc6d0\uc778\uc740 \uc11c\ub85c \ub2ec\ub790\ub2e4.<br>Invecq\uc5d0 \ub530\ub974\uba74 7\uc6d4 \uc218\ucd9c\uc138 \uc218\uc785\uc740 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uc2e4\uc9c8 \uae30\uc900 23% \uac10\uc18c\ud588\ub2e4.<br>\uadf8\ub7ec\ub098 \uc774\ub294 \ub18d\uc5c5 \ubd80\ubb38\uc758 \ubd80\uc9c4 \ub54c\ubb38\uc774\ub77c\uae30\ubcf4\ub2e4\ub294 \uc218\ucd9c\uc138\uc728 \uc778\ud558\uc640 \uc9c0\ub09c\ud574\uc758 \ub192\uc740 \ube44\uad50 \uae30\uc900\uc774 \uc8fc\uc694 \uc6d0\uc778\uc774\uc5c8\ub2e4.<br>\ud55c\ud3b8 \uc218\uc785\uad00\uc138 \uc138\uc218\ub294 27% \uac10\uc18c\ud588\ub2e4.<br>\uc218\uc785\uad00\uc138 \uac10\uc18c\uc758 \uacbd\uc6b0\uc5d0\ub294 \uad00\uc138\uc728 \uc778\ud558\ubfd0 \uc544\ub2c8\ub77c \uacbd\uc81c\ud65c\ub3d9 \uc218\uc900\uc758 \uc800\ud558\ub3c4 \uc6d0\uc778 \uac00\uc6b4\ub370 \ud558\ub098\ub77c\uace0 Invecq\ub294 \ubd84\uc11d\ud588\ub2e4.<br>\ubaa8\ub4e0 \uc138\uc218 \uac10\uc18c\uac00 \uacbd\uae30 \ubd80\uc9c4 \ub54c\ubb38\uc740 \uc544\ub2c8\ub2e4<br>\uc774\ub7ec\ud55c \uc0c1\ud669\uc744 \ubd84\uc11d\ud560 \ub54c \ud55c \uac00\uc9c0 \uc911\uc694\ud55c \uad6c\ubd84\uc774 \ud544\uc694\ud558\ub2e4.<br>\uc138\uc785 \uac10\uc18c \uc804\uccb4\ub97c \uacbd\uc81c \ubd80\uc9c4 \ub54c\ubb38\uc774\ub77c\uace0 \ubcfc \uc218\ub294 \uc5c6\ub2e4.<br>\uc138\uae08 \uc778\ud558, \uba74\uc138 \ud655\ub300, \uac01\uc885 \uaddc\uc815 \ubcc0\uacbd, \uc138\uae08 \ub0a9\ubd80 \uc77c\uc815\uc758 \ubcc0\ud654 \ub4f1\ub3c4 \uc138\uc218 \uac10\uc18c\uc5d0 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4.<br>\uadf8\ub7ec\ub098 \uc5ec\ub7ec \ubcf4\uace0\uc11c\ub294 \uacf5\ud1b5\uc801\uc73c\ub85c \ub3c4\uc2dc \uacbd\uc81c\uc758 \ud65c\ub825 \uc800\ud558\uc640 \uadfc\ub85c\uc18c\ub4dd \ubd80\uc9c4\uc774 \uc774\ubbf8 \uc138\uc218\uc5d0 \uc2e4\uc9c8\uc801\uc778 \ubd80\ub2f4\uc744 \uc8fc\ub294 \uc694\uc778\uc774 \ub410\ub2e4\uace0 \uc9c0\uc801\ud558\uace0 \uc788\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc9c0\ucd9c\uc744 \ub354 \uc904\uc77c \uc218 \uc788\ub294 \uc5ec\ub825\ub3c4 \uac10\uc18c<br>\uc815\ubd80\uac00 \uc9c1\uba74\ud55c \ubb38\uc81c\ub294 \uc138\uc785\uc774 \uc57d\ud574\uc9c4 \uc0c1\ud669\uc5d0\uc11c \uc774\ub97c \ucd94\uac00\uc801\uc778 \uc815\ubd80 \uc9c0\ucd9c \uc0ad\uac10, \uc989 \ubc00\ub808\uc774 \uc815\ubd80\uac00 \ud45c\ud604\ud558\ub294 \u2018\uc804\uae30\ud1b1(motosierra)\u2019\uc2dd \uae34\ucd95\uc815\ucc45\uc73c\ub85c \ubcf4\uc644\ud558\uae30\uac00 \uc810\uc810 \uc5b4\ub824\uc6cc\uc9c0\uace0 \uc788\ub2e4\ub294 \uac83\uc774\ub2e4.<br>\uc774\ubbf8 2\ub144 \uc774\uc0c1 \uac15\ub3c4 \ub192\uc740 \uc7ac\uc815\uc870\uc815\uc744 \uc2e4\uc2dc\ud588\uae30 \ub54c\ubb38\uc774\ub2e4.<br>Invecq\uc5d0 \ub530\ub974\uba74 \uc62c\ud574 \uc0c1\ubc18\uae30 \ub204\uc801 \uae30\ucd08\uc7ac\uc815\uc218\uc9c0 \ud751\uc790\ub294 GDP\uc758 0.6%\uc600\ub2e4.<br>\uc774\ub294 2025\ub144 \uac19\uc740 \uae30\uac04\uc758 0.9%, 2024\ub144 \uac19\uc740 \uae30\uac04\uc758 1.1%\ubcf4\ub2e4 \ub0ae\uc740 \uc218\uc900\uc774\ub2e4.<br>\uc774\ub7ec\ud55c \ucc28\uc774\ub294 \uc815\ubd80\uc758 \uc2e4\uc9c8 \uc138\uc785\uc774 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 5% \uac10\uc18c\ud55c \ubc18\uba74, \uae30\ucd08\uc7ac\uc815\uc9c0\ucd9c\uc740 1.9% \uac10\uc18c\ud558\ub294 \ub370 \uadf8\ucce4\uae30 \ub54c\ubb38\uc774\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\uc815\ubd80 \uc9c0\ucd9c\uc758 \uc57d 67%\ub294 \uc27d\uac8c \uc904\uc77c \uc218 \uc5c6\ub294 \ud56d\ubaa9<br>Invecq\uc5d0 \ub530\ub974\uba74 \uae30\ucd08\uc7ac\uc815\uc9c0\ucd9c \uac00\uc6b4\ub370 \uc57d 67%\ub294 \ubc95\uc815 \uc0b0\uc2dd\uc5d0 \ub530\ub77c \uc790\ub3d9 \uc870\uc815\ub418\ub294 \uc9c0\ucd9c\uc774\ub2e4.<br>\ub300\ud45c\uc801\uc778 \uac83\uc774 \ud1f4\uc9c1\uc5f0\uae08(jubilaciones), \uc5f0\uae08(pensiones), \uac01\uc885 \uc218\ub2f9(asignaciones)\uc774\ub2e4.<br>\uc774\ub7ec\ud55c \uc9c0\ucd9c\uc740 \uad00\ub828 \ubc95\uaddc\ub97c \uac1c\uc815\ud558\uc9c0 \uc54a\ub294 \ud55c \ud589\uc815\ubd80\uac00 \uc784\uc758\ub85c \uc904\uc774\uae30 \uc5b4\ub835\ub2e4.<br>\ub098\uba38\uc9c0 \uc57d 30%\ub294 \uc815\ubd80\uac00 \uc7ac\ub7c9\uc801\uc73c\ub85c \uc870\uc815\ud560 \uc218 \uc788\ub294 \uc9c0\ucd9c\ub85c, \ubcf4\uc870\uae08, \uc815\ubd80 \uc6b4\uc601\ube44, \uc774\uc804\uc9c0\ucd9c, \uc790\ubcf8\uc9c0\ucd9c \ub4f1\uc774 \ud3ec\ud568\ub41c\ub2e4.<br>\ubb38\uc81c\ub294 \uc774\ub4e4 \uc7ac\ub7c9\uc9c0\ucd9c \uc5ed\uc2dc \uc774\ubbf8 3\ub144 \uc5f0\uc18d \uc0ad\uac10\ub418\uace0 \uc788\ub2e4\ub294 \uac83\uc774\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">GDP \ub300\ube44 1.4% \uc7ac\uc815 \ud751\uc790 \ubaa9\ud45c \ub2ec\uc131\uc740 \ub3c4\uc804\uc801<br>Invecq\ub294 \uc62c\ud574 \uae30\ucd08\uc7ac\uc815\uc218\uc9c0 \ud751\uc790 \uc804\ub9dd \uc790\uccb4\ub294 \uc720\uc9c0\ud588\ub2e4.<br>\uadf8\ub7ec\ub098 \uc815\ubd80\uac00 \ubaa9\ud45c\ub85c \ud558\uace0 \uc788\ub294 GDP \ub300\ube44 1.4%\uc758 \uae30\ucd08\uc7ac\uc815\uc218\uc9c0 \ud751\uc790\ub97c \ub2ec\uc131\ud558\ub294 \uac83\uc740 \u2018\ub3c4\uc804\uc801\uc778 \uacfc\uc81c\u2019\ub77c\uace0 \ud3c9\uac00\ud588\ub2e4.<br>\uc774\ub97c \ub2ec\uc131\ud558\uae30 \uc704\ud574\uc11c\ub294 \uc62c\ud574 \ud558\ubc18\uae30\uc5d0 \uacbd\uc81c\ud65c\ub3d9\uacfc \uc138\uc218\uac00 \ub354 \uac15\ud558\uac8c \ud68c\ubcf5\ub418\uac70\ub098, \uc815\ubd80\uac00 \uc9c0\ucd9c\uc744 \ucd94\uac00\ub85c \uc0ad\uac10\ud574\uc57c \ud55c\ub2e4\uace0 \ubd84\uc11d\ud588\ub2e4.<br>Econviews\ub3c4 \ube44\uc2b7\ud55c \uc81c\uc57d\uc744 \uc9c0\uc801\ud588\ub2e4.<br>Econviews\ub294 \uc774\uc81c \uc815\ubd80\uac00 \uc9c0\ucd9c\uc744 \ucd94\uac00\ub85c \uc904\uc77c \uc218 \uc788\ub294 \uba85\ubc31\ud55c \ubd84\uc57c\uac00 \ub354 \uc774\uc0c1 \ub0a8\uc544 \uc788\uc9c0 \uc54a\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4.<br>\ub530\ub77c\uc11c \uc55e\uc73c\ub85c \uc608\uc815\ub41c \uac10\uc138\ub97c \uc2dc\ud589\ud558\ub824\uba74 \ub2e4\ub978 \uc138\uae08\uc744 \uc62c\ub824 \uc774\ub97c \ubcf4\uc804\ud558\uac70\ub098 \uc77c\uc815 \uc218\uc900\uc758 \uc7ac\uc815\uc218\uc9c0 \uc545\ud654\ub97c \uac10\uc218\ud574\uc57c \ud560 \uac83\uc774\ub77c\uace0 \uc9c0\uc801\ud588\ub2e4.<br>\uc740\ud589\uacc4\uc88c \uc785\ucd9c\uae08\uc138 \ud3d0\uc9c0 \ubb38\uc81c<br>\uc774 \ubb38\uc81c\ub294 \ud604\uc7ac \uc815\ubd80\uac00 \uc900\ube44\ud558\uace0 \uc788\ub294 \uc138\uc81c\uac1c\ud601\uacfc \uad00\ub828\ud574 \ub354\uc6b1 \uc911\uc694\ud574\uc9c0\uace0 \uc788\ub2e4.<br>Econviews\uc5d0 \ub530\ub974\uba74 \uc815\ubd80\uac00 \uc138\uc81c\uac1c\ud601\uc548\uc5d0 \uc740\ud589\uacc4\uc88c \uc785\ucd9c\uae08\uc138\ub97c \ub2e8\uacc4\uc801\uc73c\ub85c \ud3d0\uc9c0\ud558\ub294 \ubc29\uc548\uc744 \ud3ec\ud568\ud558\ub294 \uac83\uc744 \uac80\ud1a0\ud558\uace0 \uc788\ub2e4\ub294 \uc774\uc57c\uae30\uac00 \ub098\uc624\uace0 \uc788\ub2e4.<br>\uc774 \uc138\uae08\uc740 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0\uc11c \ud754\ud788 \uc218\ud45c\uc138\ub77c\uace0 \ubd88\ub9b0\ub2e4.<br>Econviews\uc5d0 \ub530\ub974\uba74 \uc774 \uc138\uae08\uc758 \uc138\uc218\ub294 GDP\uc758 \uc57d 1.6%\uc5d0 \ud574\ub2f9\ud55c\ub2e4.<br>\ub530\ub77c\uc11c \ub2e8\uae30\uac04\uc5d0 \uc774\ub97c \ud3d0\uc9c0\ud558\uba74\uc11c \ub2e4\ub978 \uc7ac\uc6d0\uc744 \ud655\ubcf4\ud558\uc9c0 \uc54a\ub294\ub2e4\uba74 \uc815\ubd80\ub85c\uc11c\ub294 \uc0c1\ub2f9\ud55c \uc138\uc785 \uc190\uc2e4\uc744 \uac10\ub2f9\ud574\uc57c \ud558\uae30 \ub54c\ubb38\uc5d0 \ud3d0\uc9c0\uac00 \uc27d\uc9c0 \uc54a\ub2e4.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2027\ub144 \ub300\ud1b5\ub839 \uc120\uac70\uc640 \uc7ac\uc815\uc815\ucc45<br>Barclays\ub294 2027\ub144 \ub300\ud1b5\ub839 \uc120\uac70\ub97c \uc55e\ub450\uace0 \uace0\uc6a9\uacfc \uc18c\ube44\ub97c \ud65c\uc131\ud654\ud558\uae30 \uc704\ud574 \uc815\ubd80\uac00 \uc77c\uc2dc\uc801\uc774\uace0 \ud2b9\uc815 \ubd84\uc57c\uc5d0 \uc9d1\uc911\ub41c \uc870\uce58\ub97c \ucde8\ud558\ub354\ub77c\ub3c4 \ud22c\uc790\uc790\ub4e4\uc774 \uc774\ub97c \ud06c\uac8c \ubb38\uc81c \uc0bc\uc9c0\ub294 \uc54a\uc744 \uac83\uc73c\ub85c \ud3c9\uac00\ud588\ub2e4.<br>\uadf8\ub7ec\ub098 Barclays\ub294 \uc815\uce58\uc801 \ubcc0\ud654\uac00 \uc5ec\uc804\ud788 \uc7ac\uc815 \uc9c0\uc18d\uac00\ub2a5\uc131\uc5d0 \ub300\ud55c \uac00\uc7a5 \uc911\uc694\ud55c \uc704\ud5d8\uc694\uc778\uc774\ub77c\uace0 \uc9c0\uc801\ud588\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ucd5c\uadfc 3\ub144\uac04 \uac10\uc18c\ud55c \uc138\uc218 10\ud398\uc18c \uc911 6\ud398\uc18c\ub294 \uacbd\uc81c\ud65c\ub3d9 \ubd80\uc9c4 \ub54c\ubb38 \uc138\uacc4\uc801\uc778 \uc740\ud589 Barclays \ubcf4\uace0\uc11c\uc5d0 \ub530\ub974\uba74 \uacbd\uc81c\ud65c\ub3d9\uc758 \ubd80\uc9c4\uacfc \uc784\uae08 \uc815\uccb4\uac00 \uc138\uc218\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\uae30 \uc2dc\uc791\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \uac10\uc138\ub97c \ud1b5\ud574 \uacbd\uc81c\ub97c \ud65c\uc131\ud654\ud560 \uc218 \uc788\ub294 \uc5ec\ub825\ub3c4 \ud06c\uc9c0 \uc54a\uc740 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4.2026\ub144 8\uc6d4 9\uc77c Agust\u00edn Maza\uae30\uc0ac \uc544\ub974\ud5e8\ud2f0\ub098 \uacbd\uc81c\uc758 \ubd88\uade0\ub4f1\ud55c \ud68c\ubcf5 \uc591\uc0c1\uc774 \ud558\ube44\uc5d0\ub974 \ubc00\ub808\uc774 \uc815\ubd80 \uacbd\uc81c\uc815\ucc45\uc758 \ud575\uc2ec \ucd95 \uac00\uc6b4\ub370 \ud558\ub098\uc778 \uc7ac\uc815 \ud751\uc790\uc5d0\ub3c4 \uc601\ud5a5\uc744 \ubbf8\uce58\uae30 \uc2dc\uc791\ud588\ub2e4.\uc601\uad6d\uacc4 \uc740\ud589 Barclays\uac00 \uc8fc\ub9d0 \uace0\uac1d\ub4e4\uc5d0\uac8c \ubcf4\ub0b8 \ubcf4\uace0\uc11c\uc5d0 \ub530\ub974\uba74, \uacbd\uc81c\ud65c\ub3d9 \ubc0f \uadfc\ub85c\uc18c\ub4dd\uacfc \uad00\ub828\ub41c \uc138\uae08\uc774 2023\ub144 \uc0c1\ubc18\uae30\ubd80\ud130 2026\ub144 \uac19\uc740 \uae30\uac04\uae4c\uc9c0 \ubc1c\uc0dd\ud55c \uc2e4\uc9c8 \uc138\uc218 \uac10\uc18c\ubd84\uc758 60%\ub97c \ucc28\uc9c0\ud588\ub2e4.\uc0b0\uc5c5, \uac74\uc124, \uc0c1\uc5c5 \ub4f1 \uacbd\uc81c\ud65c\ub3d9\uacfc \uc138\uc218\uc5d0\uc11c \uc911\uc694\ud55c \ube44\uc911\uc744 \ucc28\uc9c0\ud558\ub294 \ubd84\uc57c\uc758 \uacbd\uae30 \ub0c9\uac01\uc740 \ub18d\uc5c5, \uad11\uc5c5, \uc5d0\ub108\uc9c0 \ub4f1 \ub2e4\ub978 \ubd84\uc57c\uc758 \uc131\uc7a5\uacfc \ub300\uc870\ub97c \uc774\ub8e8\uace0 \uc788\ub2e4.\uc774\ucc98\ub7fc \uc5c5\uc885\ubcc4 \uacbd\uae30 \ud68c\ubcf5 \uc18d\ub3c4\uac00 \uc11c\ub85c \ub2e4\ub978 \uc0c1\ud669\uc740 \uc815\ubd80 \uc7ac\uc815\uc5d0 \ubd80\ub2f4\uc744 \uc8fc\uae30 \uc2dc\uc791\ud588\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uacbd\uc81c\ub97c \ud65c\uc131\ud654\ud558\uae30 \uc704\ud55c \uac10\uc138 \uc815\ucc45\uc744 \ucd94\uc9c4\ud560 \uc218 \uc788\ub294 \uc7ac\uc815\uc801 \uc5ec\ub825\uc774 \uc904\uc5b4\ub4e4\uace0 \uc788\ub2e4.Barclays\uc758 \ubd84\uc11d\uc740 \uad6d\uac00\uc758 \uc8fc\uc694 \uc138\uc785\uc6d0 \uac00\uc6b4\ub370 \ub124 \uac00\uc9c0\ub97c \ub300\uc0c1\uc73c\ub85c \ud588\ub2e4.\ubd80\uac00\uac00\uce58\uc138(IVA), \uc18c\ub4dd\uc138(Ganancias), \uc0ac\ud68c\ubcf4\uc7a5\uae30\uc5ec\uae08, \uc740\ud589\uacc4\uc88c \uc785\ucd9c\uae08\uc138(impuesto a los cr\u00e9ditos y d\u00e9bitos)\uc774\ub2e4.\ubcf4\uace0\uc11c\ub294 \uc138\uc785 \uc545\ud654\uc758 \ubc30\uacbd\uc5d0\ub294 \uc11c\ub85c \ub2e4\ub978 \ub450 \uac00\uc9c0 \ud604\uc0c1\uc774 \uc874\uc7ac\ud55c\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4.\ud558\ub098\ub294 \uc815\ubd80\uac00 \uc758\ub3c4\uc801\uc73c\ub85c \uc138\uae08\uc774\ub098 \uc138\uc728\uc744 \ub0ae\ucd98 \ub370 \ub530\ub978 \uc138\uc218 \uac10\uc18c\uc774\ub2e4.\ub2e4\ub978 \ud558\ub098\ub294 \uc815\ubd80\uac00 \uc758\ub3c4\ud55c \uac83\uc774 \uc544\ub2c8\ub77c \uacbd\uc81c\ud65c\ub3d9 \ubd80\uc9c4\uacfc \uc2e4\uc9c8\uc784\uae08 \uc815\uccb4\ub85c \uc778\ud574 \ubc1c\uc0dd\ud55c \uc138\uc218 \uac10\uc18c\uc774\ub2e4.\uc774\ub7ec\ud55c \uad6c\ubd84\uc740 \uacf5\uacf5\uc7ac\uc815\uc758 \uc6c0\uc9c1\uc784\uc5d0 \ubcc0\ud654\uac00 \ub098\ud0c0\ub098\uace0 \uc788\ub2e4\ub294 \uc810\uc5d0\uc11c \uc911\uc694\ud558\ub2e4.\ubc00\ub808\uc774 \uc815\ubd80 \uc9d1\uad8c \ucd08\uae30\uc758 \uac15\ub825\ud55c \uc7ac\uc815\uc870\uc815\uc740 \uc8fc\ub85c \uc815\ubd80 \uc9c0\ucd9c \uc0ad\uac10\uc5d0 \uc9d1\uc911\ub418\uc5b4 \uc788\uc5c8\ub2e4. Barclays\uc5d0 \ub530\ub974\uba74 \uc815\ubd80\uc758 \uc9c0\ucd9c \uac10\uc18c\ub294 \ub2f9\ucd08 \uc0c1\ub2f9\uc218 \uc2dc\uc7a5 \uad00\uacc4\uc790\ub4e4\uc774 \uc608\uc0c1\ud588\ub358 \uac83\ubcf4\ub2e4 \ud6e8\uc52c \uc9c0\uc18d\uc801\uc73c\ub85c \uc720\uc9c0\ub410\ub2e4.\uc62c\ud574 \uc0c1\ubc18\uae30 \uc0ac\ud68c\ubcf5\uc9c0 \uc9c0\ucd9c\uc740 2023\ub144 \uac19\uc740 \uae30\uac04\ubcf4\ub2e4 14% \uac10\uc18c\ud588\uace0, \ubcf4\uc870\uae08\uc740 61% \uac10\uc18c, \uc790\ubcf8\uc9c0\ucd9c\uc740 \ubb34\ub824 85% \uac10\uc18c\ud588\ub2e4.\uc774 \uc138 \uac00\uc9c0 \ud56d\ubaa9\uc774 \uc804\uccb4 \uacf5\uacf5\uc9c0\ucd9c \uac10\uc18c\ubd84\uc758 \uc57d 4\ubd84\uc758 3\uc744 \ucc28\uc9c0\ud588\ub2e4. \uacbd\uc81c\ud65c\ub3d9\uacfc \uad00\ub828\ub41c \uc138\uc218\uc758 \uc9c0\uc18d\uc801\uc778 \uc545\ud654\uacbd\uc81c\ud65c\ub3d9\uacfc \uc5f0\uacc4\ub41c \uc138\uc785\uc740 \uacc4\uc18d\ud574\uc11c \uc545\ud654\ub418\ub294 \ubaa8\uc2b5\uc744 \ubcf4\uc774\uace0 \uc788\ub2e4.6\uac1c\uc6d4 \uc774\ub3d9\ud3c9\uade0 \uae30\uc900\uc73c\ub85c 7\uc6d4 \uc138\uc785\uc740 2025\ub144 \uc0c1\ubc18\uae30 \uc218\uc900\ubcf4\ub2e4 \ub0ae\uc544\uc84c\ub2e4.\uc804\uccb4 \uc138\uc218\ub294 \uc774\ubcf4\ub2e4 \ub354 \ud070 \ud3ed\uc73c\ub85c \uac10\uc18c\ud588\uc9c0\ub9cc, \uc9c0\ub09c 4\uc6d4 \uc800\uc810\uc744 \uae30\ub85d\ud55c \uc774\ud6c4\uc5d0\ub294 \uc870\uae08\uc529 \ud68c\ubcf5\ud558\uae30 \uc2dc\uc791\ud588\ub2e4.5\ud398\uc774\uc9c0\uc758 \uadf8\ub798\ud504\uc5d0\uc11c\ub3c4 \uc774\ub7ec\ud55c \ud750\ub984\uc744 \ud655\uc778\ud560 \uc218 \uc788\ub2e4. (\uadf8\ub798\ud504\ub294 \uc6d0\ubb38 \ucc38\uc870)\uacbd\uc81c\ud65c\ub3d9 \uad00\ub828 \uc138\uc218\ub294 \uae30\uc900\uc120\uc778 100 \uc544\ub798\uc5d0\uc11c \uc9c0\uc18d\uc801\uc73c\ub85c \uc57d\uc138\ub97c \ubcf4\uc774\uace0 \uc788\uc73c\uba70, \uc804\uccb4 \uc138\uc218\ub294 4\uc6d4\uc744 \uc800\uc810\uc73c\ub85c \ubc18\ub4f1\ud558\ub294 \ubaa8\uc2b5\uc744 \ub098\ud0c0\ub0b4\uace0 \uc788\ub2e4.\uadf8\ub7ec\ub098 \uc774\uc81c \uc815\ubd80 \uc7ac\uc815\uc758 \uc57d\uc810\uc740 \uc9c0\ucd9c\uc774 \uc544\ub2c8\ub77c \uc138\uc785 \ucabd\uc5d0\uc11c \ub098\ud0c0\ub098\uace0 \uc788\ub2e4.Barclays\ub294 \ud604\uc7ac \uc815\ubd80 \uc138\uc785\uc774 2023\ub144 \uc218\uc900\ubcf4\ub2e4 GDP \ub300\ube44 2.6%\ud3ec\uc778\ud2b8 \ub0ae\uc740 \uc218\uc900\uc774\ub77c\uace0 \uacc4\uc0b0\ud588\ub2e4.\ub3d9\uc2dc\uc5d0 \ucd5c\uadfc 12\uac1c\uc6d4 \ub204\uc801 \uae30\ucd08\uc7ac\uc815\uc218\uc9c0 \ud751\uc790\ub294 2025\ub144 1\uc6d4 GDP \ub300\ube44 1.8%\uae4c\uc9c0 \uc62c\ub77c\uac14\ub358 \ucd5c\uace0\uc810\uc5d0\uc11c \ud604\uc7ac 1.2%\ub85c \ucd95\uc18c\ub410\ub2e4.Barclays\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubd84\uc11d\ud588\ub2e4.\u201c\uc7ac\uc815 \ud751\uc790\uac00 \uc545\ud654\ub418\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc0c1\ub2f9 \ubd80\ubd84 \uacbd\uc81c\ud65c\ub3d9\uc758 \ubd80\uc9c4\uc744 \ubc18\uc601\ud558\uace0 \uc788\ub2e4.\u201dBarclays\ub294 2026\ub144 \uae30\ucd08\uc7ac\uc815\uc218\uc9c0\uac00 GDP \ub300\ube44 1% \ud751\uc790\ub85c \ub9c8\uac10\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.\uc774\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uc815\ubd80\uac00 \uad6d\uc81c\ud1b5\ud654\uae30\uae08(IMF)\uacfc \uc62c\ud574 \ubaa9\ud45c\ub85c \uc124\uc815\ud55c GDP \ub300\ube44 1.4% \ud751\uc790\ubcf4\ub2e4 \ub0ae\uc740 \uc218\uc900\uc774\ub2e4.\uc11c\ub85c \ub2e4\ub978 \uc18d\ub3c4\ub85c \uc9c4\ud589\ub418\ub294 \uacbd\uae30 \ud68c\ubcf5\uadf8\ub807\ub2e4\uace0 \ud574\uc11c Barclays\uac00 \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uacf5\uacf5\uc7ac\uc815\uc774 \uc9c0\uc18d \ubd88\uac00\ub2a5\ud55c \uc0c1\ud669\uc73c\ub85c \ub4e4\uc5b4\uac14\ub2e4\uace0 \ud310\ub2e8\ud558\ub294 \uac83\uc740 \uc544\ub2c8\ub2e4.Barclays\uc758 \uacc4\uc0b0\uc5d0 \ub530\ub974\uba74 \uae30\ucd08\uc7ac\uc815\uc218\uc9c0\uac00 GDP \ub300\ube44 1% \ud751\uc790\ub97c \uc720\uc9c0\ud558\uace0, \uc2e4\uc9c8\uae08\ub9ac\uac00 5%, \uc5f0\uac04 \uacbd\uc81c\uc131\uc7a5\ub960\uc774 \uc57d 2.5%\ub97c \uae30\ub85d\ud55c\ub2e4\uba74 \uc911\uc7a5\uae30\uc801\uc73c\ub85c \uad6d\uac00\ubd80\ucc44 \uc218\uc900\uc744 \uc548\uc815\uc2dc\ud0a4\ub294 \uac83\uc740 \uc5ec\uc804\ud788 \uac00\ub2a5\ud558\ub2e4.\uacbd\uc81c\ud65c\ub3d9\uacfc \uad00\ub828\ub41c \uc138\uc218\uc758 \ubd80\uc9c4\uc740 \uc5b8\ub73b \ubcf4\uba74 \ubaa8\uc21c\ucc98\ub7fc \ubcf4\uc77c \uc218 \uc788\ub2e4.\uc815\ubd80\uac00 \uc790\uc8fc \uac15\uc870\ud558\ub294 \uac83\ucc98\ub7fc \uc544\ub974\ud5e8\ud2f0\ub098 \uc804\uccb4 \uacbd\uc81c\ud65c\ub3d9 \uc218\uc900\uc740 \uc0ac\uc0c1 \ucd5c\uace0 \uc218\uc900\uc5d0 \uc788\uace0 \uc77c\ubd80 \uc0b0\uc5c5\uc740 \uc0c1\ub2f9\ud55c \uc131\uc7a5\uc138\ub97c \ubcf4\uc774\uace0 \uc788\uae30 \ub54c\ubb38\uc774\ub2e4.\uadf8\ub7ec\ub098 \ud575\uc2ec\uc740 \uacbd\uae30 \ud68c\ubcf5\uc758 \uad6c\uc131 \ub0b4\uc6a9\uc5d0 \uc788\ub2e4.\ucee8\uc124\ud305\uc5c5\uccb4 Econviews\ub294 \ud604\uc7ac \uc0c1\ud669\uc744 \ub2e4\uc74c\uacfc \uac19\uc774 \uc124\uba85\ud588\ub2e4.\uacbd\uc81c\uc758 \uc0c1\ub2f9 \ubd80\ubd84\uc774 \uc544\uc9c1 \uc81c\ub300\ub85c \uc6c0\uc9c1\uc774\uc9c0 \ubabb\ud558\uace0 \uc788\ub2e4\ub294 \uc0ac\uc2e4\uc740 \uc774\ubbf8 \uacf5\uacf5\uc5f0\ud55c \ube44\ubc00\uc774\ub77c\ub294 \uac83\uc774\ub2e4.\ubbfc\uac04\uc18c\ube44\ub294 \uad00\ub828 \uc870\uc0ac\uae30\uad00\ub4e4\uc758 \ud1b5\uacc4\uc5d0\uc11c \uac10\uc18c\ud558\uace0 \uc788\uc73c\uba70, \uac74\uc124\u00b7\uc0b0\uc5c5\u00b7\uc0c1\uc5c5 \uc5ed\uc2dc \uce68\uccb4\ub418\uc5b4 \uc788\ub2e4.\ubc18\uba74 \uc131\uc7a5\ud558\uace0 \uc788\ub294 \uad11\uc5c5\u00b7\ub18d\uc5c5\u00b7\uc5d0\ub108\uc9c0 \ubd80\ubb38\uc740 \uc804\uccb4 GDP\uc758 \uc57d 13%\uc5d0 \ubd88\uacfc\ud558\uae30 \ub54c\ubb38\uc5d0 \uc774\ub4e4 \ubd84\uc57c\uc758 \uc131\uc7a5\ub9cc\uc73c\ub85c \uacbd\uc81c \uc804\uccb4\ub97c \ub04c\uc5b4\uc62c\ub9ac\uae30\uc5d0\ub294 \ubd80\uc871\ud558\ub2e4.\ud604\uc7ac \uc0c1\ud669\uc744 \uacfc\uac70\uc640 \uac19\uc740 \uacbd\uc81c\uc704\uae30\ub77c\uace0 \ud560 \uc815\ub3c4\ub294 \uc544\ub2c8\uc9c0\ub9cc, \uacbd\uc81c\uc758 \uc0c1\ub2f9 \ubd80\ubd84\uc740 \uc5ec\uc804\ud788 \uc5b4\ub824\uc6c0\uc744 \uacaa\uace0 \uc788\ub2e4.\ud2b9\ud788 \ucd5c\uadfc \uc9c0\ud45c\ub4e4\uc744 \ubcf4\uba74 2\ubd84\uae30 GDP\uac00 \uac10\uc18c\uc138\ub85c \ub9c8\uac10\ud560 \uac00\ub2a5\uc131\uc774 \uc788\uc73c\uba70, 7\uc6d4\uc758 \ucd08\uae30 \uacbd\uc81c\uc9c0\ud45c \uc5ed\uc2dc \uadf8\ub2e4\uc9c0 \uae0d\uc815\uc801\uc774\uc9c0 \uc54a\ub2e4\uace0 Econviews\ub294 \ud3c9\uac00\ud588\ub2e4. 7\uc6d4 \uc138\uc218, \uac89\uc73c\ub85c\ub294 \uac1c\uc120\ub410\uc9c0\ub9cc \uc2e4\uc81c\ub85c\ub294 \ubd80\uc9c47\uc6d4 \uc804\uccb4 \uc138\uc218 \uc9c0\ud45c\ub294 \uc5b8\ub73b \ubcf4\uae30\uc5d0\ub294 \ub2e4\uc18c \uae0d\uc815\uc801\uc774\uc5c8\ub2e4. \uc138\uc218\uac00 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uc2e4\uc9c8 \uae30\uc900\uc73c\ub85c \uc57d 1% \uc99d\uac00\ud588\uae30 \ub54c\ubb38\uc774\ub2e4.\uadf8\ub7ec\ub098 \ucee8\uc124\ud305\uc5c5\uccb4 Invecq\uc640 Econviews \ubaa8\ub450 \uc774 \uacb0\uacfc\uc5d0\ub294 \uc9c0\ub09c\ud574 6\uc6d4\uc5d0 \ub0a9\ubd80\ub410\ub358 \uac1c\uc778 \uc18c\ub4dd\uc138\uc758 \ub0a9\ubd80 \uae30\ud55c \uc77c\ubd80\uac00 \uc62c\ud574\ub294 7\uc6d4\ub85c \ub118\uc5b4\uac04 \uc601\ud5a5\uc774 \ud3ec\ud568\ub3fc \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4.\ub530\ub77c\uc11c 6\uc6d4\uacfc 7\uc6d4\uc744 \ud569\uccd0\uc11c \ube44\uad50\ud560 \uacbd\uc6b0, Econviews\ub294 \uc804\uccb4 \uc138\uc218\uac00 \uc2e4\uc9c8 \uae30\uc900 3% \uac10\uc18c\ud55c \uac83\uc73c\ub85c \uacc4\uc0b0\ud588\ub2e4.Invecq\uc5d0 \ub530\ub974\uba74 \uacbd\uc81c\ud65c\ub3d9\uacfc \uc9c1\uc811 \uad00\ub828\ub41c \uc138\uae08\uc740 7\uc6d4\uc5d0 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uc2e4\uc9c8 \uae30\uc900 2.7% \uac10\uc18c\ud588\uc73c\uba70, 2026\ub144 1~7\uc6d4 \ub204\uc801\uc73c\ub85c\ub294 2.5% \uac10\uc18c\ud588\ub2e4.Econviews\ub294 \uc774\ub7ec\ud55c \uacbd\uc81c\ud65c\ub3d9 \uad00\ub828 \uc138\uc218\uac00 9\uac1c\uc6d4 \uc5f0\uc18d \uac10\uc18c\uc138\ub97c \uc774\uc5b4\uac00\uace0 \uc788\ub2e4\uace0 \ubd84\uc11d\ud588\ub2e4. \ubd80\uac00\uac00\uce58\uc138(IVA) \ubc18\ub4f1, \uc18c\ube44 \ud68c\ubcf5 \ub2e8\uc815 \uc5b4\ub824\uc6cc\uc138\ubd80 \uc9c0\ud45c\ub97c \uc0b4\ud3b4\ubcf4\uba74 \uc11c\ub85c \uc0c1\ubc18\ub418\ub294 \uc2e0\ud638\ub3c4 \ub098\ud0c0\ub09c\ub2e4.Invecq\uc5d0 \ub530\ub974\uba74 \uad6d\ub0b4 \uacbd\uc81c\ud65c\ub3d9\uc5d0\uc11c \ubc1c\uc0dd\ud558\ub294 IVA-DGI(\uad6d\ub0b4 \ubd80\uac00\uac00\uce58\uc138) \uc138\uc218\ub294 8\uac1c\uc6d4 \uc5f0\uc18d \uac10\uc18c\ud55c \ub4a4 7\uc6d4\uc5d0 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uc2e4\uc9c8 \uae30\uc900 5.7% \uc99d\uac00\ud588\ub2e4.Econviews \uc5ed\uc2dc \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 5.8% \uc99d\uac00\ud588\uace0, \uacc4\uc808\uc870\uc815 \uae30\uc900\uc73c\ub85c\ub294 \uc804\uc6d4 \ub300\ube44 2.4% \uc99d\uac00\ud55c \uac83\uc73c\ub85c \uacc4\uc0b0\ud588\ub2e4.\uadf8\ub7ec\ub098 \ub450 \ucee8\uc124\ud305\uc5c5\uccb4\ub294 \ub2e4\ub978 \uc138\uae08\uc5d0\uc11c \ubc1c\uc0dd\ud55c \ub0a9\uc138\uc790\uc758 \uc138\uc561\uacf5\uc81c \uc794\uc561\uc774 \ubd80\uac00\uac00\uce58\uc138 \ub0a9\ubd80\uc5d0 \ub354 \ub9ce\uc774 \uc0ac\uc6a9\ub410\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4.\ub530\ub77c\uc11c \uc774\ubc88 IVA \uc138\uc218 \ubc18\ub4f1\uc774 \ubc18\ub4dc\uc2dc \uc18c\ube44\ub098 \uacbd\uc81c\ud65c\ub3d9\uc758 \uc2e4\uc9c8\uc801\uc778 \uac1c\uc120\uc744 \uc644\uc804\ud788 \ubc18\uc601\ud558\ub294 \uac83\uc740 \uc544\ub2c8\ub77c\ub294 \uac83\uc774\ub2e4. \uc0ac\ud68c\ubcf4\uc7a5\uae30\uc5ec\uae08\ub3c4 \uac10\uc18c\ub3c4\uc2dc \uacbd\uc81c \uc0c1\ud669\uc744 \ud310\ub2e8\ud560 \uc218 \uc788\ub294 \ub610 \ud558\ub098\uc758 \uc9c0\ud45c\uc778 \uc0ac\ud68c\ubcf4\uc7a5 \uad00\ub828 \uc138\uc785\uc740 \ub2e4\ub978 \ud750\ub984\uc744 \ubcf4\uc600\ub2e4.Econviews\uc5d0 \ub530\ub974\uba74 \uc0ac\ud68c\ubcf4\uc7a5\uae30\uc5ec\uae08\uc740 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 3.2% \uac10\uc18c\ud588\ub2e4.\uacc4\uc808\uc870\uc815 \uae30\uc900\uc73c\ub85c\ub3c4 \uac70\uc758 1\ub144 \ub3d9\uc548 \uc815\uccb4\ub41c \uc0c1\ud0dc\ub2e4.\uc5ec\uae30\uc5d0\ub294 \uace0\uc6a9\uacfc \uc784\uae08 \uc0c1\ud669\ubfd0 \uc544\ub2c8\ub77c \ucd5c\uadfc \uc2dc\ud589\ub41c \uc0c8\ub85c\uc6b4 \uc81c\ub3c4\uc758 \uc601\ud5a5\ub3c4 \uc788\ub2e4.\uc77c\ubd80 \uc2e0\uaddc \uc815\uaddc\uc9c1 \uadfc\ub85c\uc790\ub97c \ub300\uc0c1\uc73c\ub85c \uc0ac\ud68c\ubcf4\uc7a5\uae30\uc5ec\uae08\uc744 \ub0ae\ucdb0\uc8fc\ub294 \uc81c\ub3c4\uac00 \uc2dc\ud589\ub418\uba74\uc11c \uad00\ub828 \uc138\uc218\uac00 \uac10\uc18c\ud55c \uac83\uc774\ub2e4. \uc740\ud589\uacc4\uc88c \uc785\ucd9c\uae08\uc138\ub3c4 \uac10\uc18c\uc740\ud589\uacc4\uc88c\uc758 \uc785\uae08\uacfc \ucd9c\uae08\uc5d0 \ubd80\uacfc\ub418\ub294 \uc740\ud589\uacc4\uc88c \uc785\ucd9c\uae08\uc138(impuesto a los cr\u00e9ditos y d\u00e9bitos) \uc5ed\uc2dc \uac10\uc18c\ud588\ub2e4.Invecq\uc5d0 \ub530\ub974\uba74 7\uc6d4 \uc138\uc218\ub294 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uc2e4\uc9c8 \uae30\uc900 11.2% \uac10\uc18c\ud588\uc73c\uba70, \uc62c\ud574 \ub204\uc801\uc73c\ub85c\ub294 2.7% \uac10\uc18c\ud588\ub2e4.\ub2e4\ub9cc \uc774\ub7ec\ud55c \uac10\uc18c\uc5d0\ub294 \uc0c8\ub85c\uc6b4 \uc138\uae08 \uba74\uc81c \uc870\uce58\uc640 \uc9c0\ub09c\ud574\ubcf4\ub2e4 \uc601\uc5c5\uc77c\uc774 \ud558\ub8e8 \uc801\uc5c8\ub358 \uc810\ub3c4 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4\uace0 Invecq\ub294 \uc124\uba85\ud588\ub2e4. \uc218\ucd9c\uc138\uc640 \uc218\uc785\uad00\uc138\ub3c4 \uac10\uc18c\ub300\uc678\ubb34\uc5ed\uacfc \uad00\ub828\ub41c \uc138\uae08 \uc5ed\uc2dc \uac10\uc18c\ud588\uc9c0\ub9cc \uadf8 \uc6d0\uc778\uc740 \uc11c\ub85c \ub2ec\ub790\ub2e4.Invecq\uc5d0 \ub530\ub974\uba74 7\uc6d4 \uc218\ucd9c\uc138 \uc218\uc785\uc740 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uc2e4\uc9c8 \uae30\uc900 23% \uac10\uc18c\ud588\ub2e4.\uadf8\ub7ec\ub098 \uc774\ub294 \ub18d\uc5c5 \ubd80\ubb38\uc758 \ubd80\uc9c4 \ub54c\ubb38\uc774\ub77c\uae30\ubcf4\ub2e4\ub294 \uc218\ucd9c\uc138\uc728 \uc778\ud558\uc640 \uc9c0\ub09c\ud574\uc758 \ub192\uc740 \ube44\uad50 \uae30\uc900\uc774 \uc8fc\uc694 \uc6d0\uc778\uc774\uc5c8\ub2e4.\ud55c\ud3b8 \uc218\uc785\uad00\uc138 \uc138\uc218\ub294 27% \uac10\uc18c\ud588\ub2e4.\uc218\uc785\uad00\uc138 \uac10\uc18c\uc758 \uacbd\uc6b0\uc5d0\ub294 \uad00\uc138\uc728 \uc778\ud558\ubfd0 \uc544\ub2c8\ub77c \uacbd\uc81c\ud65c\ub3d9 \uc218\uc900\uc758 \uc800\ud558\ub3c4 \uc6d0\uc778 \uac00\uc6b4\ub370 \ud558\ub098\ub77c\uace0 Invecq\ub294 \ubd84\uc11d\ud588\ub2e4.\ubaa8\ub4e0 \uc138\uc218 \uac10\uc18c\uac00 \uacbd\uae30 \ubd80\uc9c4 \ub54c\ubb38\uc740 \uc544\ub2c8\ub2e4\uc774\ub7ec\ud55c \uc0c1\ud669\uc744 \ubd84\uc11d\ud560 \ub54c \ud55c \uac00\uc9c0 \uc911\uc694\ud55c \uad6c\ubd84\uc774 \ud544\uc694\ud558\ub2e4.\uc138\uc785 \uac10\uc18c \uc804\uccb4\ub97c \uacbd\uc81c \ubd80\uc9c4 \ub54c\ubb38\uc774\ub77c\uace0 \ubcfc \uc218\ub294 \uc5c6\ub2e4.\uc138\uae08 \uc778\ud558, \uba74\uc138 \ud655\ub300, \uac01\uc885 \uaddc\uc815 \ubcc0\uacbd, \uc138\uae08 \ub0a9\ubd80 \uc77c\uc815\uc758 \ubcc0\ud654 \ub4f1\ub3c4 \uc138\uc218 \uac10\uc18c\uc5d0 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4.\uadf8\ub7ec\ub098 \uc5ec\ub7ec \ubcf4\uace0\uc11c\ub294 \uacf5\ud1b5\uc801\uc73c\ub85c \ub3c4\uc2dc \uacbd\uc81c\uc758 \ud65c\ub825 \uc800\ud558\uc640 \uadfc\ub85c\uc18c\ub4dd \ubd80\uc9c4\uc774 \uc774\ubbf8 \uc138\uc218\uc5d0 \uc2e4\uc9c8\uc801\uc778 \ubd80\ub2f4\uc744 \uc8fc\ub294 \uc694\uc778\uc774 \ub410\ub2e4\uace0 \uc9c0\uc801\ud558\uace0 \uc788\ub2e4. \uc9c0\ucd9c\uc744 \ub354 \uc904\uc77c \uc218 \uc788\ub294 \uc5ec\ub825\ub3c4 \uac10\uc18c\uc815\ubd80\uac00 \uc9c1\uba74\ud55c \ubb38\uc81c\ub294 \uc138\uc785\uc774 \uc57d\ud574\uc9c4 \uc0c1\ud669\uc5d0\uc11c \uc774\ub97c \ucd94\uac00\uc801\uc778 \uc815\ubd80 \uc9c0\ucd9c \uc0ad\uac10, \uc989 \ubc00\ub808\uc774 \uc815\ubd80\uac00 \ud45c\ud604\ud558\ub294 \u2018\uc804\uae30\ud1b1(motosierra)\u2019\uc2dd \uae34\ucd95\uc815\ucc45\uc73c\ub85c \ubcf4\uc644\ud558\uae30\uac00 \uc810\uc810 \uc5b4\ub824\uc6cc\uc9c0\uace0 \uc788\ub2e4\ub294 \uac83\uc774\ub2e4.\uc774\ubbf8 2\ub144 \uc774\uc0c1 \uac15\ub3c4 \ub192\uc740 \uc7ac\uc815\uc870\uc815\uc744 \uc2e4\uc2dc\ud588\uae30 \ub54c\ubb38\uc774\ub2e4.Invecq\uc5d0 \ub530\ub974\uba74 \uc62c\ud574 \uc0c1\ubc18\uae30 \ub204\uc801 \uae30\ucd08\uc7ac\uc815\uc218\uc9c0 \ud751\uc790\ub294 GDP\uc758 0.6%\uc600\ub2e4.\uc774\ub294 2025\ub144 \uac19\uc740 \uae30\uac04\uc758 0.9%, 2024\ub144 \uac19\uc740 \uae30\uac04\uc758 1.1%\ubcf4\ub2e4 \ub0ae\uc740 \uc218\uc900\uc774\ub2e4.\uc774\ub7ec\ud55c \ucc28\uc774\ub294 \uc815\ubd80\uc758 \uc2e4\uc9c8 \uc138\uc785\uc774 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 5% \uac10\uc18c\ud55c \ubc18\uba74, \uae30\ucd08\uc7ac\uc815\uc9c0\ucd9c\uc740 1.9% \uac10\uc18c\ud558\ub294 \ub370 \uadf8\ucce4\uae30 \ub54c\ubb38\uc774\ub2e4. \uc815\ubd80 \uc9c0\ucd9c\uc758 \uc57d 67%\ub294 \uc27d\uac8c \uc904\uc77c \uc218 \uc5c6\ub294 \ud56d\ubaa9Invecq\uc5d0 \ub530\ub974\uba74 \uae30\ucd08\uc7ac\uc815\uc9c0\ucd9c \uac00\uc6b4\ub370 \uc57d 67%\ub294 \ubc95\uc815 \uc0b0\uc2dd\uc5d0 \ub530\ub77c \uc790\ub3d9 \uc870\uc815\ub418\ub294 \uc9c0\ucd9c\uc774\ub2e4.\ub300\ud45c\uc801\uc778 \uac83\uc774 \ud1f4\uc9c1\uc5f0\uae08(jubilaciones), \uc5f0\uae08(pensiones), \uac01\uc885 \uc218\ub2f9(asignaciones)\uc774\ub2e4.\uc774\ub7ec\ud55c \uc9c0\ucd9c\uc740 \uad00\ub828 \ubc95\uaddc\ub97c \uac1c\uc815\ud558\uc9c0 \uc54a\ub294 \ud55c \ud589\uc815\ubd80\uac00 \uc784\uc758\ub85c \uc904\uc774\uae30 \uc5b4\ub835\ub2e4.\ub098\uba38\uc9c0 \uc57d 30%\ub294 \uc815\ubd80\uac00 \uc7ac\ub7c9\uc801\uc73c\ub85c \uc870\uc815\ud560 \uc218 \uc788\ub294 \uc9c0\ucd9c\ub85c, \ubcf4\uc870\uae08, \uc815\ubd80 \uc6b4\uc601\ube44, \uc774\uc804\uc9c0\ucd9c, \uc790\ubcf8\uc9c0\ucd9c \ub4f1\uc774 \ud3ec\ud568\ub41c\ub2e4.\ubb38\uc81c\ub294 \uc774\ub4e4 \uc7ac\ub7c9\uc9c0\ucd9c \uc5ed\uc2dc \uc774\ubbf8 3\ub144 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