The Minister of Economy, Luis Caputo, announced this Wednesday 11 economic predictions for the coming monthsamid strong doubts about the measures implemented by the Government by Javier Milei. “There will be plenty of dollars,” he said.
Despite the recession of activity which is observed in the main branches of the economy, and with the poverty around 52% According to the Catholic University of Argentina, The head of the Treasury Palace “exuded” optimism in a social media post in which he outlined his 11 predictions for the future of the main variables of the Argentine economy.
After denying the fall in pensions and reaffirming the course promoted by President Milei, Caputo He assured that “things are already happening” in the economy that “will increase exponentially in the coming months.” He listed: “Inflation will go down; the economy will recover; taxes will go down; and regulations will collapse,” he said.
In a sort of optimistic decalogue, the Minister of Economy assured that “private credit will explode, the demand for money will increase, pesos will be scarce, dollars will be in excess and the financial dollar will converge with the official dollar.” In addition, he stressed that salaries “will recover” and “poverty will decrease.”
Luis Caputo’s 11 economic predictions
“Things that are already happening and will increase in the coming months
- Inflation is going to go down
- The economy is going to recover
- Taxes are going down
- Regulations are going to collapse
- Private credit is going to explode
- The demand for money will increase
- The pesos will be missing
- There will be plenty of dollars
- The financial dollar will converge with the official dollar
- Salaries will recover
- “Poverty will decrease”
Luis Caputo asked businessmen to lower their prices to follow the direction of the country
Days ago, The Minister of Economy urged businessmen to accompany the direction of the country to fulfill the promises of the Government. In this regard, he asked them to comply with the price reductionfollowing the reduction of the Country Tax rate that came into effect this Monday.
“Today the reduction of the country tax begins. The benefiting sectors have committed to lowering prices. “It is important for society that they comply,” the minister said through his “X” account.
Caputo stated that “People’s distrust is not only with those who govern, but also with the business community who takes extra advantage of these measures.”
“People need to see in their finances that this is the right path: lower inflation, lower taxes, restore credit for individuals and SMEs and eliminate regulations,” stressed the head of the Treasury.
Regarding the coin competitionone of the campaign promises, the minister I had recently anticipated that a major company was finishing “the technical process to launch a debit card in dollars”And Argentines will be able to start paying with US currency from their special dollar account. “They deduct it from your savings account,” he said.
While waiting for the announcement from the credit company, the fintech Cocos Capital launched Cocos Paya solution that advances in the direction proposed by Caputo since it allows users Pay for your purchases with pesos and dollars directly from the application. From this app, Users can make payments in pesos or dollars through any QR code enabled in stores.
In order to strengthen public accounts, Caputo also stressed the importance of money laundering, since the money received can be used for purchases. “You can buy anything by regularizing it, if you stay within the highway of regularizing accounts. You could launder, for example, US$ 200,000 and you could buy a car worth US$ 50,000. One says if I regularized 200,000 and I take out, I have to pay a fine because it is more than US$ 100,000. Now you could pay for the car with a debit card and they wouldn’t charge you any fine,” he said.
Source: Ambito
