It was an orgy of public spending

It was an orgy of public spending

It was at the beginning of his speech before deputies, senators and special guests to inaugurate the 142nd period of ordinary sessions in the National Congress.

Ignacio Petunchi

President Javier Milei did this friday a crude description of economic inheritance, when delivering his speech before deputies, senators and special guests to inaugurate the 142nd period of ordinary sessions in the National Congress, the first of his administration that began last December 10.

Milei affirmed on national television that Argentina is in “the most critical moment in its history” and stated that, “After more than 100 years of an impoverishing model, the last 20 years have been an economic disaster, with an orgy of public spending, uncontrolled emissions and the worst inheritance that a government has ever received.”

The President said that the data on the inheritance that his Government received “they are public” and mentioned, among them, “5% fiscal deficit in the Treasury” and “a total of 15 points of consolidated deficit.”

“Negative net reserves in the Central Bank” and “repressed service prices”, These are other data that Milei mentioned.

Under an important security device and escorted by the Horse Grenadier regiment, Milei arrived at the esplanade on Entre Ríos Street, accompanied by his sister and general secretary, Karina Milei. There he was received by a delegation made up of legislators from different political backgrounds.

DEVELOPING…

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts