”Milei’s results could lead to a very bad result next year,” said the economist and former advisor to the President.
The former advisor to the president Javier Milei, Carlos Rodríguez, He referred this Friday to the fiscal policy adopted by the libertarian administrationwithin the framework of a talk about the economic reality at the CEMA Universityof which he is founding rector.
Among his statements, he assured that, ”In this scenario of recession as an economic policy” he sees an ”electoral catastrophe for 2025”. And he added: ”The risk is that Kirchnerism returns. “I see sensible people in federal Peronism and in the PRO, but Milei’s results can lead to a very bad result next year,” he warned.
In addition, he pointed to Kirchnerism for consolidated public spending, since “it started at 25 points of GDP and ended at 45 points of GDP.” Along these lines, he added: ”Macri tried but He had a bad macroeconomic policy that led to a recession and losing the elections. Milei fought with everyone and thus it will be difficult to achieve agreements to bring public spending and taxes to levels that allow sustained economic growth.”
His criticism of exchange rate policy
”The program that I presented to Milei at the time provided for a devaluation but it had a reason for being. Now you made the adjustment but it was paid for by retirees and not by the financial sector. The government is emulating Martínez de Hoz’s board, but only the board because At that time there were neither stocks nor retentions.in reference to the measure of the Minister of Economy, Luis Caputo.
According to what he stated, The best time for an eventual release from the stocks was ”in December”shortly after the exchange rate jump: ”With this level of confusion they cannot lift the controls. In any case, I am not in favor of the stocks but I also do not want it to be removed at any cost,” he commented.
”I think things are going badly for us because of Milei’s ways, not just because of her policies. That generates distrust, fighting with provinces, with the UN, with the opposition. Everything is very nice but no one lends you a dollar and now they talk about waiting for a loan to see if they make it to the elections,” added the economist regarding investments.
Finally, he referred to the result of the tender that the Ministry of Finance faced this Thursday: ”7 billion Lecaps were due. Only 5 billion entered. The banks did not renew the principal. The Treasury is short $2 billion. We will see how they cover it because that will be monetary expansion. I was always opposed to a group of financiers being in charge of the Ministry of Economy. The sterilization of liabilities is all nonsense.
Source: Ambito
