It is about $150,000 million, according to data from the monetary entity. That day he also sent him $40,000 million as a temporary advance. So far this year, the entity has assisted the Government with almost $2 billion.
For the first time since October 2021, the Ministry of Economy had to resort to the Monetary assistance from the Central Bank through the remittance of profits. On July 13, the BCRA transferred $150,000 million to the Treasury for this concept, plus another $40,000 million as a Temporary Advance.
Thus, in the first seven months of the year, the entity sent the Government a total of $1.95 trillion. If profits are subtracted, the advances add up to $1.8 trillion, which would have exhausted the Central Bank’s capacity to assist the Treasury in this way, as indicated in its Organic Charter. Article 20 stipulates that the latter may lend up to 12% of the monetary base or 10% of cash income for one year.
Since the monetary base may continue to rise depending on the evolution of the momentary aggregates, it is possible that aid may be extended later through advances.
In July, the monetary entity transferred $590,000 million to the Ministry of Economy. A total of $400,000 million on the 7th to pay the maturities to the bondholders in dollars. And the $190,000 of last day 13, which includes the profits. In June he sent her $688 billion; in May, $440,000 million; in April, $100,000 million; and in March, $130,000 million.
As the Central Bank’s ability to help the government with the issuance of transitory advances is ending, it still has the utilities, that surpass just over $1 billion.
As for the goals with the IMF, they were widely exceeded. By this time of the year he should have an attendance of just $375 billion. In Economy they indicate that, if agreed with the IMF, an inverse operation would be carried out to the one that was carried out in June to pay the monthly maturities for US$2.7 billion. I would sell the SDRs to the BCRA to lower the stock of advances.
Source: Ambito
