“I’m convinced that Some of the crisis that has been brewing for a decade will at least be paid for by this government”, he indicated while mentioning in this sense the socioeconomic inflation, the parallel dollar, the “backward” exchange rate, the tax levy “delusional“, and the “rampant public spending”.
The economist did not rule out that this crisis could take the form of an “burst of dollars” from an abrupt rise in the blue, more noticeable than that registered so far.
In this context, the legislator emphasized the central bank deficit and warned that its “fiscal hole” is already more larger than that of the State Treasury. “The treasury has 4 points of the deficit product, while the Central Bank has almost 5 points of quasi-fiscal deficit,” she deepened.
“It seems strange to me that within the goals with the Fund [Monetario Internacional] The deficit goal of the Central Bank is not there”, he pointed out.
Espert emphasized that the government seeks to take advantage of inflation with respect to spending, but still criticized the printing of paper money. “What is the use of liquefying salaries and pensions in the public sector when the quasi-fiscal pump does not stop issuing money?” he asked.
Source: Ambito
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