Federico Sturzenegger announced that the Government is preparing a greater adjustment: “We call it deep chainsaw”

Federico Sturzenegger announced that the Government is preparing a greater adjustment: “We call it deep chainsaw”

September 26, 2024 – 18:54

The Minister of Deregulation and Transformation of the State highlighted the direction that President Javier Milei has been taking and assured that “more is coming.”

The Minister of Deregulation and Transformation of the State, Federico Sturzeneggerreviewed the different tasks of adjusting the spending you are making from your portfolio and announced that the Government is preparing for an instance of cuts to maintain the fiscal balancewhich he called “deep chainsaw.”

“The courage that Javier has had to face these things, that is, this is ending and these things will not be able to continue. The State needs a chainsaw, we call it ‘deep chainsaw’. Public employment has fallen more or less by 12 or 13% in the eight months, but now comes the ‘deep'”assured the official.

The former president of the Central Bank expanded on this idea and explained: “Deep chainsaw is… Javier has already reduced public spending by 30%and that is basically what implies or allows the State to reduce the backpack that it burdens the rest of society, because that was a public expense that someone had to pay in some way, whether with inflation, with taxes, with debt, whatever, right? And more is coming, more is coming“, he anticipated in dialogue with the Noticias Argentinas agency.

Federico Sturzenegger Minister of Deregulation and Transformation of the State of the Argentine Nation

Ignacio Petunchi

The Minister spoke at the 29th International Economic Symposium organized by Tel Aviv University and assured that from his portfolio they are working on projects such as the liberalization of passenger cargo transport, air transport, the medicine market, SAD and changes and openings that will come in the regulation of navigation, among other areas.

Leonardo Leiderman, Ricardo Arriazu and José Siaba Serrate also participated in the event for the international analysis; Miguel Kiguel, Marina Dal Poggetto, Martín Redrado and Claudio Zuchovicki for the local and Sergio Berenstein and Ana Iparraguirre for the analysis of the political scenario.

Federico Sturzenegger stressed that the labor reform gives “freedom to the parties involved”

On the other hand, Sturzenegger referred to the regulations of the labor reform, included in the Bases law, and highlighted that “what the Government has done is give freedom to the parties involvedthat is, to the employers together with the unions so that define systems that they consider to be appropriate for their sector“, said.

“So, If a worker doesn’t like it and thinks they are better off the way they are now, they can stay where they are and the same with a company. So, that seems to me to force the parties involved in the collective agreement to really focus and think about something that is better for both parties. I think we are going to have a great diversity of alternatives and options because the sectors are very different, and it is going to be a very rich and interesting debate to watch,” said the minister.

Source: Ambito

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