The minister and candidate will now focus on the microeconomic aspects of post-PASO stabilization.
Relief to the pocket: the measures that Massa is preparing after the trip to Washington
The minister and candidate Sergio Massaafter concluding his tour of USAwill now focus on the aspects microeconomic of stabilization post-STEP.
In this sense, he plans a set of ads intended to positively impact in the pockets of citizens and in the business environment. These measures will be revealed gradually, following a particular scheme that will understand two daily announcements from this Friday until next.
This day will mark the beginning of this series of announcements, coinciding with the beginning of a tour of various provinces from the interior of the country by Massa. Its intention is to communicate measures that address the iprivate incomeincluding an additional increase for the Universal Child Allowance (AUH), as well as decisions related to the salary negotiations (parity). All this, in an effort to mitigate the impact on the pockets of the population after the 22% devaluation announced on August 14.
Beyond the concrete measures, Massa faces the challenge of dealing with the actors who influence pricing. As reported in previous days, some of these actors have shown endurance before the government plan that seeks to limit price increases to 5%. Specifically, food experienced significant increasesin some cases up to 20%after the devaluation.
The basis of Massa’s plan
The Massa environment considers that the basis for these announcements is in the stabilization of reservesachieved thanks to the disbursement of the International Monetary Fund (IMF) and to the purchases made by the central bank in the last two weeks.
It is expected that of the US$7,500 million obtained from the Fund, some 3,500 million can be allocated to interventions in the markets, added to the 1,800 million that the Central Bank has recovered by buying foreign currency. These additional funds, in excess of US$5 billion, will provide Massa the ability to stabilize and operate in the markets until the October elections.
On the horizon, it is expected that in November the IMF makes another disbursement of u$s2,000 millionthus completing a total of more than u$s10,000 million agreed with the international organization. With these resources and measures in place, Massa seeks to contribute to the economic recovery and provide some financial peace of mind in the run-up to the upcoming elections.
Source: Ambito
