Former officials who make up the Patricia Bullrich’s technical teams met with businessmen from different industries and they advanced part of the economic plan that they are making. Among the items appear: commercial opening, reduction of tariffs, exchange rate unfolding, removal of social plans and “strong hand” to order the streets. They acknowledge that there will be a regressive effect during the first part of 2024, although they expect a rebound for “the second semester”. Domingo Cavallo is the external adviser he consults to elaborate the “reforms”.
Despite the unity photo carefully assembled this week by the candidates for President of Together for Change with their teams at the Hotel Emperador, internal differences exist. They are expressed above all in the political order. On the economic level, these disagreements are linked to speeds and how. With different nuances, they all propose an adjustment in spending to achieve fiscal balance, a more or less abrupt devaluation and changes in labor legislation.
This cocktail of measures also monopolized a few days ago reserved meeting that members of Bullrich’s technical teams had with businessmen. At the head of that table was the former Minister of Production dante sica. The economist who was part of the governments of Mauricio Macri and Eduardo Duhalde He is presented by some of his colleagues as a future Chief of Staff of a hypothetical Bullrich presidency.
About a dozen business owners from different sectors. Ámbito was able to talk with three of them who revealed some interesting details of the conversation. Nobody denies it the program that the candidate for president of the Pro plans to apply will have a recessive shock at the beginning of 2024. Although those who work in the program They promise that the recovery will come “in the second semester” Next year.
Beyond the fact that the temporary reference was described as “unfortunate” by some of the attendees who remembered the old promises of former President Macri, they caused higher level of surprise the mention of Cavallo. It is that in that same conversation the former Minister of Economy was alluded to as one of the external advisors who advise Bullrich in the assembly of the “reforms” that you plan to carry out.
Regarding the exchange issue a doubling is analyzed. Which would leave a single official rate for imports and exports. For the rest of the operations, they would go to a financial market whose price will not have government intervention, “it will go where it has to go,” they synthesized in the presidential team. As they say, with that scheme in twelve months the stocks would be lifted and only one version of the North American currency would remain.
Bullrich’s environment does not hide that they are planning a immediate commercial opening, which would also include a significant drop in import tariffs. “At the end of 2019 we were about to do it with the support of Brazil, but there was no point in applying it because we were already leaving,” acknowledged an economist who works for that space and who sees no difficulties in discussing this scheme with Lula.
As the rest of the opposition candidates point out, the former Minister of Security aims to achieve fiscal balance in the first year. For that, make sure that will cut economic subsidies and put social spending under the magnifying glass. “We are going to end the intermediation in State aid. That will be direct by transfer,” one of the economists who accompanies her told the businessmen.
Along these lines, he suggested that the changes will bring social upheaval, which is why economic policy cannot be separated from security policy. Bullrich’s referents anticipated that the “strong hand” will be exercised to order the streets and that “it does not matter if they block Aeroparque for a week or if they occupy six months on July 9, the reforms will not go back.”
Cavallo’s shadow returns to haunt Argentine politics. In some cases the candidates, like Javier Milei, make it public. In others they do it in more reserved spaces. But in a cafe near the Malba museum, from time to time leaders and businessmen are seen listening carefully to the ex-minister’s advice.
Source: Ambito
