The systemic consultant states that, like other programs that stabilized delaying the exchange rate, the current one generates doubts about its short and long term effects.
Although from the private sector the work of the Ministry of Economy To put the state accounts in order, some begin to warn that, if There is no specific state reform plan, that is not limited only to reducing items, they will appear Investor doubts.
This indicates in a report the systemic consultant, which maintains: “Without a clear statement in state reform, the fiscal adjustment begins to generate questions.”
The study considers that “the effect on short and long term competitiveness seems aggravated by the Lack of complementary policies for productive strengthening and logistical and scientific development. ”
“Achieve nominal stability without sacrificing competitiveness or depending excessively on indebtedness It requires an integrated strategy that prioritizes both productive development and economic equity ”systemic remark.
The report adds that “the Macroeconomic stability could be compromised very quickly in the face of unexpected changes in the international context, which They compromise probable investment and financial capital flows. ”
The risks behind the backwardness of the dollar
In that sense, the study raises again on the unknowns that generate economic stabilization programs based on exchange rate delaysomething that is not novel in Argentina, since they have been tested several times since the famous “Tabita” of Martínez de Hoz, the Minister of Economy of the last military dictatorship, through the Austral Plan and convertibility.
And this type of schemes exposes the systemic inefficiencies of the local economy with its tax burden and logistics problems.
“In this sense,” says systemic. “ greater difference between the current case and the previous ones are usually located in the strong fiscal discipline. ” But eThe work adds that “although this has been a merit for short -term stabilization, It has also been questioned by the regressive composition of the adjustment and the threat that it implies for the “fundamental” fundamentals in the long term. “
Source: Ambito
