What does it mean that there is no money in Argentina, as Javier Milei stated?

What does it mean that there is no money in Argentina, as Javier Milei stated?

The libertarian made the statement in the context of his announcement that the State will stop financing public works and that, instead, infrastructure projects will be in the hands of private initiative, a model similar to the PPP of Uruguay.

The president’s notice sparked a variety of concerns, from whether or not the payment of bonuses for state employees was assured to the continuity of social plans.

On Saturday the idea was taken up by Martin Menemnephew of the former president Carlos Menemand who was appointed to occupy the central presidency of the Chamber of Deputies.

“The signal is of austerity and of changing the history of the Argentina. There is no money, let’s all work to get the laws that correspond when the time comes,” he said online with Javier Milei when leaving a meeting with him.

This Monday the Minister of the Interior and key man in putting together the new government, Guillermo Francosshed a little light on what the president-elect is referring to when he states that “there is no money” in Argentina.

“Let Argentines understand that the machine (for printing banknotes) has ended as of December 10,” said Francos when referring to the first measures that the libertarian Executive will take, with a Macrista presence.

“There will be the money there is,” he assured, and explained that “there are situations that demand resources that the State has and others that the State does not have, and for that we will have to analyze priorities.”

“The little machine” is the expression that has been used so much Javier Milei as references for Macrismo during the electoral campaign to refer to the large issuance of Argentine pesos carried out by the government of Alberto Fernandez and which they blame for the macroeconomic imbalance.

Source: Ambito

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