He affirmed this Saturday before Congress in his speech before the Legislative Assembly, in which the ordinary sessions in the National Parliament are inaugurated.
The President Javier Milei He affirmed this Saturday before the Congress that the economic program carried out by his government is “The most successful to date” In his speech before the Legislative Assemblyin which the ordinary sessions in the National Parliament are inaugurated.
“We went from inheriting 15 consolidated fiscal deficit points between the Treasury and the Central Bank to have during our first year default -free financial surplus, something that had not happened in the last 123 years. In parallel to fiscal discipline, we apply a tourniquet to the monetary issuance and thanks to these two anchors we have reduced inflation in an unprecedented way, ”said Milei
“Even at a faster speed than the convertibility itself, which until today was the most successful stabilization program in our history”he argued in what can be considered another criticism of the former Minister of Economy, Domingo Cavallo, which carried out that economic plan in the administration of Carlos Menem.
Next, the president finished: “We can flaunt, without a doubt, that our economic program is the most successful to date.”
The Head of State also stressed that “Argentina for 100 years turned like a calesite, circling on its own axis, and eroding, in each return, its economy, its credibility and the quality of life of its citizens.” “Why did all our attempts come out? Because it always started from a wrong diagnosis. No one ever questioned the axis on which the calesite turned: the black hand of the omnipresent state,” he said.
On the other hand, he stressed that the country went from “Inherit 15 consolidated deficit points between the Treasury and the Central Bank to have a default -free financial surplus.” “Something that had never happened in the last 123 years of history,” he added.
He also said that “When the adjustment began, they said it was impossible, that we would not even be able to achieve an adjustment point in 2024”, But he stressed that thanks to the “colossus” of the Minister of Economy, Luis Caputo, “We reach the fiscal balance in the first month of management.” “Any other experience with half the adjustment would have derived in falls of between 10% and 15% of GDP,” he said.
Source: Ambito
