Massa explained the macroeconomic variables projected by the Government of a 2% increase in the growth of the Gross Domestic Product (GDP), a deficit of 1.9% and average inflation of 60%. The presentation takes place in the middle of the tire conflict, where the government warned that it will open imports if the Sutna workers and the companies do not reach an agreement today.
What Massa said before the deputies
In his speech, the minister stated: “We are going to try to extend the financing terms of the public sector”. With that tone, he commented: “We are going to reduce the need for financing, applying a policy of sustainable borrowing“. And he added: “We want to encourage the participation of the private sector in financing the treasury.”
In turn, Massa promised that the Government will put energy into reducing the sharp rise in prices: “We are going to look for a slowdown in inflation”. Regarding support for the business sector, the Economy Minister announced a 25% subsidy in rates for loans to SMEs.
“We have a very strong assistance program from multilateral organizations for 2023,” the minister said. In this regard, he made a parenthesis: “We are in negotiations with the Paris Club, to stabilize the situation. Argentina is in a ‘stand-by’ situation. We seek to extend terms, discuss the interest rate and alleviate the payments that the national State must carry out.”
Regarding the Argentine indebtedness with the International Monetary Fund (IMF)the tigrense remarked that the Board of Directors of the organism will deal with the review of the goals foreseen for the period that goes from April to June on October 7.
In terms of energy, Massa remarked that “the completion of the Nestor Kirchner gas pipeline will allow a strong saving in imports”.
Regarding possible changes in public spending, the minister maintained that “cutting is not the same as deferral, it is not adjustment, it is order in budgetary matters.” In this regard, Massa responded to the controversy over alleged reductions in spending in sensitive areas of vulnerable sectors, stating that there is “no resolution of the Ministry of Economy that cut any budget item from disability care“.
In matters of importsthe politician highlighted the problem of licenses, noting that in some sectors, such as cryptocurrency mining machines, they have automatic permits, while assembly parts for SMEs do not have this benefit. “We have to correct it”he emphasized.
He also referred to Comprehensive Import Monitoring System (SIMI): “We are going to incorporate an accessibility and traceability system that allows us that at the time an SME accesses the probation, it knows the date of payment that the Central Bank is going to make of this import authorization.”
Doubts about the Budget will be answered
After the presentation of Massa, At 4:00 p.m., the legislators will move to Annex C of the Chamber of Deputies, where the secretaries of the Ministry of Economy, including the Ministry of Finance, will present and answer questions from the legislators of the ruling party and the opposition. Raul Rigo; Finance, Eduardo Setti; of Industry and Productive Development, Jose de Mendiguren; of Agriculture, John Joseph Bahillo; and energy, Flavia Royon.
In case all the secretaries cannot complete their reports, they will go to an intermediate room until Thursday to complete the presentations of the officials of the Treasury Palace.
This Wednesday, moreover, it is expected that the holders of AFIP, Carlos Castagneto; Customs, William Michaeland from ANSES, Fernanda Raventaand possibly that day or the following week the president of the Central Bank, according to parliamentary sources.
Cabinet
The turn of the members of the National Cabinet It will be on Tuesday, October 4, and the ministers of Labor, Claudio Moroni; Of transport, Alexis Guerrero; and Public Works, Gabriel Katopodis, of health, Carla Vizziotti, of Education, Jaime Perczyk, and Social Development, John Zabaleta.
In the event that the ministers cannot conclude their reports, they will do so on Thursday, October 6, which will be the last meeting of the round of consultations, according to the scheme drawn up by the ruling party.
The debate between the pro-government and opposition legislators will begin on Tuesday the 11th and will last until at least Monday the 24th when the majority opinion will be signed, and there the Front of All will seek to have the agreements closed that guarantee sanctioning the Budget as it happened when the extension of taxes that expire at the end of the year was voted.
It will be the first Budget to be dealt with in the management of Massa that with his conciliatory style he will seek to reach agreements with the parliamentary blocs so that this year the law of expenses and resources is approved, after it was rejected last year.
A distinctive fact that the debate will have will be that, in addition to the secretaries of the Ministry of Economy, most of the ministers and officials from strategic areas of the AFIP, Anses, Customs and the president of the Central Bank, will come to present Miguel Pesceas requested by Together for Change.
Source: Ambito
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