{"id":8089,"date":"2025-06-03T18:50:57","date_gmt":"2025-06-03T21:50:57","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=8089"},"modified":"2025-06-03T18:50:59","modified_gmt":"2025-06-03T21:50:59","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c06%ec%9b%94-03%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=8089","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(06\uc6d4 03\uc77c)"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"275\" height=\"183\" src=\"https:\/\/hanin.org.ar\/wp-content\/uploads\/2025\/06\/download-2.jpg\" alt=\"\" class=\"wp-image-8090\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\uc138\uc218 \uac10\uc18c<br>\uc138\uad00\uccad (ARCA)\uc740 5\uc6d4 \uc138\uc218\uac00 15\uc870 9\ucc9c\uc5b5 \ud398\uc18c\ub77c\uace0 \ubc1c\ud45c\ud588\ub2e4.<br>\uc774\ub294 \uc791\ub144 \ub3d9\uae30 \ub300\ube44 18% \uac10\uc18c\ud55c \uac83\uc774\ub2e4.<br>\uac10\uc18c\uc758 \uc6d0\uc778 \uc911 \ud558\ub098\ub294 2024\ub144 5\uc6d4 \uc138\uc218\uac00 \ub192\uc558\uae30 \ub54c\ubb38\uc774\ub2e4.<br>2024\ub144 5\uc6d4\uc740 12\uc6d4 \uc5f0\ub9d0\uc5d0 \uacb0\uc0b0\ud558\ub294 \uae30\uc5c5\ub4e4\uc774 \uc18c\ub4dd\uc138\ub97c \ub0a9\ubd80\ud558\ub294 \ub2ec\uc774\uc5c8\ub2e4.<br>\uc138\uc218 \uc804\ubb38\uac00\ub4e4\uc740 \ubd80\uac00\uac00\uce58\uc138 (IVA)\uac00 \uc800\uc870\ud55c \uc810\uc744 \uc9c0\uc801\ud588\ub2e4.<\/li>\n\n\n\n<li>\uc678\ud658\ubcf4\uc720\uc561 \ubaa9\ud45c<br>\uacbd\uc81c\ubd80\ub294 2030\ub144 \ub9cc\uae30 \ucc44\uad8c\uc73c\ub85c \uc57d 10\uc5b5 \ub2ec\ub7ec\uac00 \ub4e4\uc5b4\uc628 \uac83\uc5d0 \ub9cc\uc871\ud558\uace0 \uc788\ub2e4.<br>\uadf8\ub7ec\ub098 IMF\uc640 \ud569\uc758\ub97c \ub2ec\uc131\ud558\ub824\uba74 36\uc5b5 \ub2ec\ub7ec\ub97c \ucd94\uac00\ub85c \ub354 \ud655\ubcf4\ud574\uc57c \ud55c\ub2e4.<br>IMF\uac00 \uc678\ud658\ubcf4\uc720\uc561 \ubaa9\ud45c \ub2ec\uc131\uc744 \uc704\ud574 \uc720\uc608 \uae30\uac04\uc744 \uc8fc\ub824\uace0 \ud558\ub294 \uac83\uacfc\ub294 \ubcc4\uac1c\ub85c, \uacbd\uc81c\ubd80\ub294 \ubaa9\ud45c \ub2ec\uc131\uc744 \uc704\ud55c \ud574\uacb0\ucc45\uc744 \ubaa8\uc0c9\ud558\uace0 \uc788\ub2e4.<br>\uc774\uc640\uad00\ub828 \u00c1mbito Financiero \uc9c0\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubcf4\ub3c4\ud588\ub2e4.<br>\uc815\ubd80\ub294 \uad6d\uac00\uc704\ud5d8\ub3c4 \uac10\uc18c\uc5d0 \ubca0\ud305\ud558\ub294 REPO (\ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c) \ucc44\uad8c\uc73c\ub85c \uad6d\uc81c\uc740\ud589\ub4e4\uacfc \uacc4\uc57d\uc744 \uccb4\uacb0\ud560 \uc218 \uc788\ub2e4\uace0 \ubbff\uace0\uc788\ub2e4.<br>\uc5ec\uae30\uc11c 20\uc5b5 \ub2ec\ub7ec\ub97c \uc870\ub2ec\ud558\uace0, \uc9c0\ub09c\uc8fc \ubc1c\ud589\ub41c \ucc44\uad8c\uc758 \uae08\ub9ac (29%)\ubcf4\ub2e4 \ub0ae\uc740 \uae08\ub9ac\ub85c 10\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 Bonte \ucc44\uad8c\uc744 \ucd94\uac00\ub85c \ubc1c\ud589\ud558\ub294 \ubc29\uc548\uc744 \uace0\ub824\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n<li>\ud569\uc758 \ubd88\uc774\ud589 \ubb38\uc804<br>\uc815\ubd80\uac00 6\uc6d4 13\uc77c\uae4c\uc9c0 50\uc5b5 \ub2ec\ub7ec\uc758 \uc678\ud658\ubcf4\uc720\uc561\uc744 \uc99d\uac00\uc2dc\ud0ac \uac00\ub2a5\uc131\uc740 \ud76c\ubc15\ud574 \ubcf4\uc778\ub2e4.<br>\ub530\ub77c\uc11c \uc2dc\uc7a5\uc740 IMF\uac00 \ubc00\ub808\uc774 \uc815\ubd80\ub97c \uc704\ud574 \uae30\uac04\uc744 \uc5f0\uc7a5\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4.<br>\uc911\uc559\uc740\ud589\uc774 \uc678\ud658\uc2dc\uc7a5\uc5d0 \uac1c\uc785\ud558\uc9c0 \uc54a\uc73c\uba74, \ucc28\uc785\uc774\ub098 \ub300\ucd9c\uc744 \ud1b5\ud574\uc11c\ub9cc \uc678\ud654\uac00 \uc720\uc785\ub41c\ub2e4.<br>\uc815\ubd80\uc758 6\uc6d4 \uc678\ud658 \uc720\uc785 \uacc4\ud68d\uc744 \ubcf4\uba74, IMF 20\uc5b5 \ub2ec\ub7ec, REPO 20\uc5b5 \ub2ec\ub7ec, \ub2e4\uc790\uac04 \uae30\uad6c 21\uc5b5 \ub2ec\ub7ec\uc774\ub2e4.<br>\ud604\uc7ac \ucd1d \uc678\ud658\ubcf4\uc720\uc561\uc740 377\uc5b5 9100\ub9cc \ub2ec\ub7ec\uc744 \uae30\ub85d\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n<li>6\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9 \ud6c4 \ud558\ub77d\ud55c \ud658\uc728<br>\uc218\ucd9c\uc5c5\uccb4\uc758 \ub2ec\ub7ec \uacf5\uae09\uacfc \uae00\ub85c\ubc8c \uc2dc\uc7a5\uc758 \ub2ec\ub7ec \ud558\ub77d\uc73c\ub85c \ud658\uc728\uc740 6\uac70\ub798\uc77c \ub3d9\uc548\uc758 \uc0c1\uc2b9\uc744 \uba48\ucd94\uace0 \ud558\ub77d\ud588\ub2e4.<br>\ub3c4\ub9e4\ud658\uc728\uc740 \uc5b4\uc81c 7.50 \ud398\uc18c (0.6%) \ud558\ub77d\ud574 1,180.50 \ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.<br>\uc120\ubb3c\ud658\uc728\uc740 \ubaa8\ub4e0 \ub9cc\uae30\uc77c\uc5d0\uc11c \ud558\ub77d\ud588\uc73c\uba70 \uc5f0\ub9d0\uae4c\uc9c0 \ub9e4\uc6d4 \ud3c9\uade0 1.7% \uc0c1\uc2b9\uc73c\ub85c \uc608\uc0c1\ub410\ub2e4.<br>\uae08\uc735\ud658\uc728\ub3c4 \ud558\ub77d\ud588\ub2e4.<br>MEP \ud658\uc728\uacfc CCL \ud658\uc728\uc740 \uac01\uac01 0.7% \ud558\ub77d\ud55c 1,183.78 \ud398\uc18c\uc640 1,196.18 \ud398\uc18c\uc5d0 \uac70\ub798\ub410\ub2e4.<br>\ub530\ub77c\uc11c \uc815\ubd80\ud658\uc728\uacfc MEP \ud658\uc728 \uac04\uc758 \uaca9\ucc28\ub294 0.28%, CCL \ud658\uc728\uc740 1.33%\uc774\ub2e4.<\/li>\n\n\n\n<li>\uae08\uc735\uc2dc\uc7a5 \ud558\ub77d\uc73c\ub85c \ucd9c\ubc1c<br>\uc774\ub2ec \uccab \uc601\uc5c5\uc77c\uc5d0 \uc8fc\uc2dd\uc740 3.19% \ud558\ub77d\ud588\ub2e4.<br>\uc9c0\ub09c 5\uc6d4\uc5d0\ub294 8.5% \uc0c1\uc2b9\ud55c \uae0d\uc815\uc801\uc778 \ub2ec\uc774\uc5c8\ub2e4.<br>ADR\uc740 \ucd5c\ub300 5.6% \uc0c1\uc2b9\uacfc \ucd5c\ub300 4.1% \ud558\ub77d\ud55c \ud63c\uc870\uc138\ub97c \ubcf4\uc600\ub2e4.<br>\ub2ec\ub7ec \ucc44\uad8c\ub3c4 \ube44\uc2b7\ud55c \uc591\uc0c1\uc774\uc5c8\ub2e4.<br>\uc774\ub7f0 \uc0c1\ud669\uc73c\ub85c \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 651bp\ub97c \uae30\ub85d\ud588\ub2e4.<br>\ubbf8\uad6d\uc758 \uae08\uc735\uc2dc\uc7a5\uc740 \ud2b8\ub7fc\ud504\uc758 \ucca0\uac15 \ubc0f \uc54c\ub8e8\ubbf8\ub284 \uad00\uc138 \uc778\uc0c1 \ubc1c\ud45c \ud6c4, \uc57d\uac04 \uc0c1\uc2b9\ud588\ub2e4.<br>\ub098\uc2a4\ub2e5 0.67%, S&amp;P 500 0.41%, \ub2e4\uc6b0\uc874\uc2a4 0.08% \uac01\uac01 \uc62c\ub790\ub2e4.<\/li>\n\n\n\n<li>\uac00\uc8fd \uc218\ucd9c\uc138 \uc778\ud558<br>\uacbd\uc81c\ubd80\ub294 \uc77c\ubd80 \uac00\uc8fd \ud488\ubaa9\uc5d0 \ub300\ud55c \uc218\ucd9c\uc138\ub97c \ud3b4\uc9c0\ud55c\ub2e4\uace0 \ubc1c\ud45c\ud588\ub2e4.<br>\uc774\ub294 \uc5f0\uac04 4\uc5b5 \ub2ec\ub7ec\uc758 \uc138\uc218\ub97c \ud3ec\uae30\ud558\uace0, \ub2e4\ub978 \ucabd\uc5d0\uc11c \ucc3e\uc544\uc57c \ud568\uc744 \uc758\ubbf8\ud55c\ub2e4.<br>\uc815\ubd80\ub294 \uc774 \uc870\uce58\uac00, \ub2e4\ub978 \ub18d\uc0b0\ud488\uacfc \ube44\uad50\ud558\uc5ec \uac00\uc8fd \uc0dd\uc0b0 \ubc0f \uc218\ucd9c\uc5d0 \ub300\ud55c \ub3d9\ub4f1\ud55c \uc870\uac74\uc744 \ud655\ubcf4\ud558\uace0 \uacbd\uc7c1\ub825\uc744 \uac1c\uc120\ud558\uc5ec \uad6d\uc81c\ud654 \uacfc\uc815\uc744 \ucd09\uc9c4\ud558\ub294 \uac83\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.<\/li>\n\n\n\n<li>\ubb34\uc5ed\uc804\uc7c1\uc758 \uc601\ud5a5<br>\uacbd\uc81c\ud611\ub825\uac1c\ubc1c\uae30\uad6c (OECD)\uc758 \uc804\ub9dd\uc5d0 \ub530\ub974\uba74, \uc138\uacc4 \uacbd\uc81c\ub294 \ud2b8\ub7fc\ud504\uc758 \uad00\uc138 \ud3ed\ud0c4\uc73c\ub85c \uc131\uc7a5\ub960\uc740 2024\ub144 3.3%\uc5d0\uc11c 2025\ub144\uacfc 2026\ub144 2.9%\ub85c \ub454\ud654\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4.<br>\ubbf8\uad6d \uacbd\uc81c\ub294 \uc62c\ud574 2.2%, 2026\ub144 1.6% \uc608\uc0c1 \uc131\uc7a5\ub960\uc5d0\uc11c \uc62c\ud574 1.6%, 2026\ub144 1.5%\ub85c \ub0ae\ucdc4\ub2e4.<br>\uc911\uad6d\uc740 \uc62c\ud574 4.7%, 2026\ub144 4.3%\ub85c \uc608\uc0c1\ud588\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":8090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-8089","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\/8089","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=8089"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/8089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/8090"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}