Lacunza’s statements were made 24 hours before the first tender for bonds in June indexed pesos for a nominal $14,000 million, after a week in which the titles lost 10% of their market value, affected by rumors of reprofiling.
The economic referent of the PRO maintained that “after a year and a half the inheritance is unknown and the fiscal and financial solvency depends on what the acting government does, not the previous one or the next one.”
Even so, he clarified: “Having said that, no statement, neither on nor off, neither in private nor in public, from any official or leader of the opposition, can compete with the facts.”
“In the first 5 months, with an initial deficit of 3% GDP and annualized quarterly inflation bordering on 100%, spending grows 13% above inflation and income 2%,” said the economist in his post.
In that sense, he warned that the current scenario shows a “divergent fiscal gap” which he describes as “origin of future debt.”
“The best (only) way to provide financial certainty is a responsible fiscal policy that reduces the deficit, not rumors to determine responsibilities,” he added.
Source: Ambito
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