In this framework, he defended his management and harshly pointed out the causes of inflation: “We began to correct the deficit, we financed it by issuing debt. Right now this government is financing it with monetary issues. Behind the inflationary phenomenon clearly there is that process, a process of a lot of issuing pesos that the private sector no longer wants and that has generated a new inflationary step.Until we correct the deficit, we stop financing ourselves with monetary issue, we are going to continue to have a lot of inflation. Unfortunately, this government is not going in the direction of correcting the deficit but of expanding it. When we finish our government, we end with a primary balance in public accounts.”
Then, he criticized the current Economy Minister Martín Guzmán: “If we talk about indebtedness, this government is the one that has created the most debt in the contemporary history of Argentina, the Treasury has issued the equivalent of 60 billion dollars of debt in what It takes management but the Central Bank in turn has generated another 40 billion dollars of debt. Argentina cannot accumulate reserves. That also happens because of the mega monetary issue. When people do not want the pesos they go out to buy things. “
“It is very curious that Cristina Kirchner focuses on many micro aspects of the problem and cannot relate to what happened during her husband’s government, where Argentina could accumulate reserves because it had a fiscal surplus,” he added in dialogue with Radio Miter.
At the same time, he asked the current government to begin the path of “fiscal consolidation, not to leave all that work to the government that follows.”
Finally, he questioned with a brief message the segmentation of rates that news is expected: “Rate segmentation is a bad policy. Argentina needs in energy matters to have a social rate, so that we Argentines slowly converge to pay what public services cost, except for the most vulnerable.”
Source: Ambito
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