Carlos Melconian’s rant to Javier Milei about the economic plan and the 2025 Budget: “People don’t eat fiscal surpluses”

Carlos Melconian’s rant to Javier Milei about the economic plan and the 2025 Budget: “People don’t eat fiscal surpluses”

September 19, 2024 – 09:42

The economist maintains a constant criticism of Milei’s government. On this occasion, he considered that the administration prioritizes media control and the political agenda over the execution of a comprehensive economic plan.

Carlos Melconian analyzed the 2025 Budget presented by the president Javier Milei last Sunday and questioned the “devotion” of the Government for staying “in the center of the ring” and controlling the media agenda with events such as the one in Congress. “It is exhausting, it tires,” said the already recognized critic of the current administration.

He also expressed his doubts about the immediate elimination of the exchange rate restrictions and the Government’s economic program.People don’t eat fiscal surplus“he said, adding that the country is not in a position to eliminate the restrictions in an irresponsible manner, although he acknowledged the need to make adjustments.

Melconian highlighted that the administration of La Libertad Avanza shows anxiety to reduce inflationbut it does so from a political perspective rather than a comprehensive program. “The approach ends up being as if it had the head of an American president: re-election,” he said. To achieve its goal, the government seems to focus on imposing the topics of debate through an aggressive media strategy, in part using social media.This question of occupying the center of the ring on a daily basis, whether it is resolved or not, is the issue that I impose, and after 48 hours another issue arises.“he added, criticizing the government’s insistence on dominating the public stage.

Despite his criticism, Melconian also acknowledged that Milei still does not face a clear political rival, which contributes to his ability to monopolize the agenda.Never before has there been such an absence of rivals at the head of this president, as there is now.“, he said during an interview with TN.

Other definitions of Melconian

Regarding the event in the Chamber of Deputies, Melconian considered that it is part of this strategy of media control, although he appreciated the gesture of the President in presenting it personally. “I like that it is the president who presents the budget, as if he wanted to make it clear that ‘the joke is over’,” he commented.

However, he questioned the numbers presented by Milei, including the projection of 18% inflation and 5% growth for 2025. “At the current rate, a projection of 18 and 5 seems a bit ambitious,” he said, adding that the government’s program is behind previous plans such as convertibility or the Austral Plan.

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“People don’t eat fiscal surplus”: Carlos Melconian questions the Government’s economic plan

Argentinian News

Melconian also warned about the risk of seeking 0% or 1% inflation without first resolving structural problems. “It will be bread for today and hunger for tomorrow,” he warned, suggesting that before launching a stability program, it is essential to control the fiscal deficit and prevent latent inflation.

Source: Ambito

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