The President assured that “this is the last leg of a heroic effort” by all Argentines.
President Javier Milei He highlighted his economic management in his first months in office and although he recognized that the country is going through an adverse situation, he assured that “for the first time the effort will be worth it.”
“We have already gone more than half the way, It is the last stretch of a heroic effort that we Argentines are making“.
In that sense, he highlighted: “Having achieved this surplus in Argentina, which has had a deficit 113 of the last 123 years, this government having received a consolidated deficit of more than 15 points of the product between treasury deficit and central bank deficit; and having adjusted 13 points of those 15 in just three months of government, “It is, quite simply, a feat of world-historical proportions.”
Javier Milei celebrated the fiscal surplus and called it an “economic miracle”
After anticipating that the crisis scenario will soon end, the president celebrated some of the macroeconomic achievements he achieved after a tough adjustment in his first months in office. “Contrary to the forecasts of most political analysts and specialized economists, I want to announce that the national public sector registered a financial surplus of more than 270,000 million pesos during the month of March. In this way, after almost 20 years, achieving a financial surplus of 0.2% of GDP during the first quarter of the year.“he remarked.
As he said, the “economic miracle” achieved by his administration in the first quarter of 2024 responded “to an enormous extent what we call a chainsaw in the campaign”while he denied that the effect of the surplus is the product of a liquefaction of income and retirements.
“The fiscal surplus is the cornerstone from which we build the new era of prosperity of Argentina,” stated the national leader.
Upon assuming, he said, the Government “took the bull by the horns” because we Argentines “did not have time for a new gradualist experiment and we advance in the shock stabilization program most ambitious in our history.” Following that line, he highlighted that in the first month “we achieved the financial surplus”, something he considered as “a milestone that has no parallel in the history of the Western world“.
Source: Ambito
