“What Guzmán did was procrastinate, restructure a debt that did not have to be restructured. And if it was done, it had to be done in another way. It took two years to make an agreement with the IMF that had to have been made prior to the restructuring of the debt if it was done, ”said the former official, responsible for the management in 2018 of the stand-by credit for which Argentina owes u$ s44,000 million to the IMF.
In statements to the news channel, Dujovne pointed out against Guzmán: “Guzmán’s results have been very bad because he has not implemented a policy where the deficit is lowered, emissions are lowered and work is done on structural reforms.”
“It is clear that the results are bad. What has happened with the salary, which has lost against inflation, is due to bad economic policy and for not having had a consistent, strong program with a north”, he considered.
On the other hand, he questioned the windfall income tax: “The only ideas that this government has dropped are more taxes. First the tax on wealth and then the one on extraordinary profits that does not correspond and is very poorly planned, ”he said.
Finally, the former macrista official pointed to the future and said that “Argentina needs a pension reform”, to re-generate a fiscal pact that according to his criteria was “turned around” by this government and generate an “austerity shock in public spending.”
“It is important shrink the structure of the State, shrink advisors, ministries, secretariats, undersecretaries, advisors to lead by example. That will predispose citizens better. The bad taste of the fiscal squeeze is going to have to be passed and in the end inflation is going to go down“, hill.
The IMF calendar without restructuring
The Government reached an agreement with the International Monetary Fund (IMF) at the end of March. Without the agreement, the country had to pay the Fund most of the debt in the first years. In 2022, it had to pay US$19,000 million, in 2023 another US$20,000 million and in 2024 about US$4,000 million. To this were added the maturities of the Paris Club.
The new agreement has a duration of 30 months within the framework of the Extended Fund Service for Argentina for an amount of 31,914 million SDRs, equivalent to US$ 44,000 million, or 1,000% of the country’s quota in the IMF.
Source: Ambito
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