Inflation 2023
The project recognizes that inflation it will be 95% in the current year, but a slowdown to 60% (end to end) is expected for next year.
Although the projections contemplate a fall in average real salaryincome is expected to recover, by 2%, by the end of the year, with an unemployment rate that would remain at 7% of the economically active population.
Main points of the 2023 Budget
The initiative includes a primary imbalance target of 1.9% -as agreed with the International Monetary Fund- an inflation of 60% and a growth of 2% by 2023according to the information obtained Ambit in official sources.
As stated by the Minister Serge Massa in the meeting he recently held with the managing director of the Fund, Kristalina GeorgievIn the United States, in the sense of respecting the agreement signed between Argentina and the IMF, the Government plans to reduce the primary fiscal deficit from 2.5% this year to 1.9% next year.
The macroeconomic assumptions on which the draft budget was drawn up contemplate a slowdown in economic activity: the GDP would go from growing 4% in the current year to 2% next. In this sense, a lower expansion of investment is expected, which would go from growing 10% in the current year to 2.9% next year. Private consumption would also slow down, going from an increase of 6.5% in the current year to an increase of 2% the next.
This fall would be offset by the expected increase in exports, of 7.1%, against imports that would increase 2% next year. In this way, the trade surplus would go from 7,751 million dollars in 2022 to 12,347 million in 2023.
Source: Ambito
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