The Secretary of Finance of the Nation spoke at the 17th Congress of Life Insurance about the economic direction that the Government has set and assured that the main objective is to put the macro in order to support the private sector and insurance. He spoke about lifting the restrictions, but confessed that there is still a long way to go.
He Secretary of Finance, Pablo Quirno, He stated that The Government is working to generate legal security for the private sector and stressed the need to stabilise the macro-economy in order to achieve this goal. He also stressed the need for the State to “withdraw from places where it should never have gotten involved” in order to favour the development of business activity and spoke of the restrictions and the idea of lifting them.
“From the Ministry of Economy we work hard in Strengthen credibility And we knew that we had to do it with actions, not words. To do this, we did our homework and designed a plan in such a way as to have quick results, mainly in terms of fiscal results,” he said. Quirno within the framework of the 17th International Seminar on Life and Retirement Insurance, organized by AVIRA, the entity that brings together companies in the sector.
In the auditorium of the NH Hotel, in the City of Buenos Aires, Quirno said that one of the issues they detected along the way is that they could not depend on Congress. because that would delay the results. That is why the Executive was quick to take whatever measures it could. “We showed quick data and, at the beginning of February, a fiscal surplus,” he said.
A State that retreats in favor of the private sector
“We have to create the conditions for the private sector to develop and grow the economy“The State has often interfered where it should never have. This Government is removing it from those places so that the private sector can do what it has to do,” said the official.
Quirno assured The Government is working on “providing predictability, keeping its word and demonstrating with actions what we have come to do” and emphasized that they are “trying to generate legal security.”
“We have a plan drawn up that is being executed step by step to give predictability to private companies. We are making progress in paying the importers’ debt, We ended the quasi-fiscal deficitAnd he assured that all this is allowing progress to be made in reducing inflation,” he diagnosed.
On the other hand, he said that It is unprecedented for Argentina to have a fiscal surplus without being in default and he stated that “we are not satisfied with this financial surplus, but rather the objective is to continue improving the macroeconomy and achieve lower taxes in the future so that the private sector can generate investments.”
Pablo Quirno promised to lower taxes and spoke about the currency controls
Thus, he confirmed to an auditorium full of representatives of the insurance industry that What they are looking for is “that the conditions are positive for all sectors” and stressed that we need to create the conditions to continue lowering taxes.
He emphasized that they are making a path of macro stabilization and? They are working “to lift the restrictions as soon as possible,” but he clarified that “it is not urgent” and that they will not do so as long as “we are not sure that we are not running risks.” that we don’t want to run when we do it.”
“You are a central instrument for the development of the capital market“, he said about the insurance industry. And he stressed that “we all have to understand that we are responsible for defending the macro order that we have achieved and we must make that commitment.” For Quirno, Argentina has “a historic opportunity,” he said.
Source: Ambito
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