The opposition economist, who says he is in contact with all the potential presidential candidates of Together for Change, lowered his tone compared to earlier this year, when he was publicly very upset with the fiscal and debt policy he was carrying out. Martín Guzmán from the Palacio de Hacienda. All this ended with a crisis over the debt in pesos that forced the Central Bank to intervene in the secondary markets.
“The black cloud that settled on the debt in pesos in June did not dissipate, it was postponed for the third quarter of 2023, which is the electoral moment,” Lacunza said in a talk organized by the fund manager MegaQm, of which About 1,500 corporate finance executives and investors participated. At the talk was the former Vice Minister of Economy, Emmanuel Álvarez Agis.
Indeed, as a result of the distrust that the market has in the next government, the Ministry of Finance is having problems rolling maturities already entering 2024. It is true that at the beginning of the year the economists of Together for Change let it be known that They did not agree with the accumulation of commitments that Guzmán was leaving at the beginning of the administration, which fueled the ghost of “reprofiling”, something that Lacunza did about the end of Mauricio Macri’s presidential term.
However, in an allegory about driving a car, he warned that “there are many questions about what is going to happen at kilometer 131, in 12 months and a day, and that depends on how you drive in the first 130 kilometers ” said the economist.
Lacunza showed the thickest lines of what he would do if he arrived at the Palacio de Hacienda in December of next year. The recipe would go through a strong reduction of the primary deficit during the first 12 months of the administration, with what he called a “consistent” monetary program. Based on this, he believes that creating conditions of stability will increase the demand for money.
Source: Ambito
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