The Minister of Economy, Luis Caputo, He called back to entrepreneurship Argentine to which trust in the economic direction of the government of Javier Milei highlighting that, unlike previous change processes, the current administration has “political vocation to have a macroeconomic order“. And they asked for “push” for the country to begin to grow.
Speaking in the 170th anniversary of the Buenos Aires Grain Exchange, Caputo said that the previous transformations that failed In Argentina, “it was not because of a political order, but because we were coming from brutal market crises.” “Why is it different this time? Because It is the first time in a decade that there is a political vocation for having a macroeconomic order“, he stressed.
Accompanied by the Chief of Staff, Guillermo Francos and the chancellor Diana Mondino, The head of the Treasury Palace stated to businessmen in the sector agro-industrial,that the changes that previous governments tried to implement “did not last” due to the lack of “political decision to have order”, but rather “order was created brutally by the market.”
Luis Caputo highlighted Javier Milei’s “vocation” for fiscal order
Instead, libertarian administration is distinguished from its predecessors by the “vocation” to have a “macro order.”We never had the conviction that President Javier Milei has now of having a macro order, which can be summed up in ending the fiscal deficit”he emphasized.
Hours after learning new information about inflation down, Caputo He said that due to the successive crises Argentina lost credibility and stressed that “this is the first time that when a critical situation was reached, not comparable with the previous situation of convertibility, nor with the Rodrigazo, a solution was taken seeking to end the problem. End the fiscal deficit“.
“People got fed up with politics, with the narrative, and they voted for him. A person came without a party, without governors, without financing, and he beat everyone,” recalled the minister regarding the situation experienced during the last few years. And he assured that currently, despite the recession and the increase in poverty, “more than half of the people are supporting and supporting.”
Luis Caputo: “The micro order has to come from the push of entrepreneurs”
Despite highlighting the support of half of society, Caputo He insisted on his request to entrepreneurship to support the country and invest in Argentina. “We guarantee macro order, and The micro order has to come from the push of the entrepreneurs, to keep growingincreasing the income and go lowering taxes“, he stressed.
“The results are more than eloquent,” reiterated the minister and explained that in the first month of his mandate “we reduced the fiscal deficit” while “the quasi-fiscal rate was lowered in seven months.”
To graph the magnitude of the financial and economic transformation carried out by the Government, gave details of his meeting with the highest authority in economic matters of USA: “At the bilateral meeting with the United States, At the bilateral meeting with Treasury Secretary Janet Yellen praised us and spoke of miraclesand that must be kept in mind, because that work has already been done.”
Caputo spoke about the restrictions and asked for patience from businessmen
The minister also highlighted other aspects of the change that La Libertad Avanza has set in motion. “The pickets and poverty managers are over, and what I am telling you, I believe, is the most relevant leading indicator in reality. As long as inflation continues to fall and the economy recovers, the rest will fall into place,” he said.
On the other hand, he referred to one of the hottest topics in the Argentine business world: restrictions on access to foreign currency. The head of the Treasury stressed that the Government’s decision is to move forward with the liberalization of the economy, but insisted that this will not be done until there is certainty that it will not become a new problem: “We don’t want to get out of the trap in a hurry.”
“I appreciate your patience because we would all like to lower prices faster, taxes faster.“But we have to show results rather than promises. That’s why we had to do it this way, because we had no credibility. Reality is showing that what we are doing is the right thing,” he stressed.
Source: Ambito
