This is so, because according to the Viewpoint of the News of Work and the Economymade up of economists graduated from the National University of Rosariountil last November they provided US$12,001 million dollars for the payment of debts and interest of these companies, contracted during the government of Cambiemos, which meant the second important departure, while also US$7,046 million escaped from the system.
The situation becomes more relevant if one takes into account that the CIFRA Center of the CTA revealed that in 2003 the outflow of dollars for the payment of private debts was only US$2,516 millioneven with a stock of private external debt higher than the current one (US$48,705 versus US$40,490 million). Also, if you compare it to one of the major trade deficitslike energy, the magnitude of this outflow can be observed, since the dollars that were destined to the acquisition of energy, even in a war situation that increased the costs by more than 300%, were 2,397 million January 2020 and June 2022.
The first departure of dollars, however, was for a unavoidable item, at least without generating a critical situation. Its about payment of public debt and interestwhich include the IMF itself, for which, and even despite the two restructurings of 2020 and 2022, U$S 13,050 million left until November.
But also, according to lookoutthey left US$4,594 million in services trade deficitwhich is sometimes used to remit low dollars alleged payments to parent companieswhich led to the recent intensification of the control of foreign trade operations by the General Directorate of Customs (DGA).
they even went out US$5,476 million under the item “other components”, that is, without a destination that can be classified among the above.
From the lookoutthey even point out that “to make matters worse, in 2022 the trade surplus fell drastically compared to 2021”, adding that this fall “will impact reservations laterbecause payments for imports that were made by US$7.500 million and were collected in advance of exports that have not yet been made US$1,900”.
Source: Ambito
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