The president defended the economic course taken and highlighted several of the “milestones” achieved in his management, among which he remarked, for example, the fiscal balance, achieved through a drastic adjustment of public spending.
President Javier Milei highlighted the economic achievements achieved in its first year of government In his speech before the Legislative Assembly, within the framework of the opening of ordinary sessions in Congress
The president defended the economic course taken and highlighted several of the “milestones” achieved in his management, among which he remarked the fiscal balance, achieved through a drastic adjustment of public spending. “We went from inheriting 15 consolidated deficit points between the Treasury and the BCRA, to have during our first year default -free financial surplus. Something that had never happened in the last 123 years of history “said Milei.
“Despite the initial criticism, the adjustment not only did not sink the economy, but, according to the government, allowed its recovery,” he said. “The economy in the year 2024, from end to end in interannual terms, not only did not fall, but grew around 5%. That is, the adjustment was expansive, ”he emphasized.
Another of the achievements that Milei highlighted was the reduction of the poverty. According to official data, the Index fell from 56% to 33%, driven by “the decrease in inflation, the sustained increase in real wages and retirement, and the increase of AUH in real terms and the feed plan.”
The adjustment also included a state restructuring, with the closure of more than 200 government areas and the dismissal of more than 40,000 public employees. “We eliminated militancy boxes such as INCAA, INADI, the Ministry of Women and Télam,” said the president, ensuring that public companies began to reverse their deficits.
In addition, he highlighted the deregulation of the economy with the elimination of more than 1,700 regulations that “They cut off commercial and economic freedoms and put sticks on the wheel to the great productive engine of our country, which is the private sector.”
The 10 economic achievements achieved, according to Javier Milei
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Financial surplus: “We went from inheriting 15 consolidated deficit points between the Treasury and the BCRA, to have during our first year default -free financial surplus. Something that had never happened in the last 123 years of history. “In the face of the future, he said:” We must make the fiscal equilibrium for any state budget, be national or sub-national, de facto prohibiting the mechanisms through which inflation is generated. ”
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Economic growth: “The economy in the year 2024, from end to end in interannual terms, not only did not fall, but grew around 5%. That is, the adjustment was expansive. ”
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Fall of poverty: “Poverty fell from 56% to 33% according to the last quarterly data. This fall was driven by the decrease in inflation, the sustained increase in real wages and retirement, and the increase of AUH in real terms and the feed plan. ”
- Low of inflation: Milei highlighted the fall in inflation, as one of the key factors for the decrease in poverty and the recovery of purchasing power.
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State restructuring: “We closed more than 200 areas of the Executive Power with duplicate or obsolete functions, and we put more than 40,000 public employees, whose salaries carried the already punished backs of the private sector.”
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Elimination of fiduciary funds and closure of state agencies: “We eliminated dozens of fiduciary funds that politics used discretionary at will. We eliminate militancy boxes such as INCAA, INADI, the Ministry of Women and Télam ”.
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Surplus in state companies: “We returned overwhelm emblematic companies of the deficit militancy, such as Aerolineas Argentinas, Aysa, Intercargo and Enarsa, while we started taking the first steps for the privatization of all public companies.”
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Economic deregulation and elimination of bureaucratic obstacles: “We have completed around 1,700 structural reforms, eliminating regulations that cut off commercial and economic freedoms and put sticks on the wheel to the large productive engine of our country, which is the private sector.” “Thanks to this, we managed to deregulate 30 markets that are freer today.”
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Return of long -term mortgage credit: “We went from an economy where the quotas had ceased to exist, to an economy where there are 30 -year mortgage loans. In other words, we go from talking about hyperinflation, to talk about long -term stability. ”
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Commercial opening and attraction of investors: “The eyes of the world are posed on Argentina after a long time, and in some cases they even take note of the work we have done to apply it in their own countries, as is the case of Elon Musk at the head of the deregulation portfolio in the United States.”
Source: Ambito
