One of the economic team officials closest to Luis Caputo highlighted that the Government achieved results in “record time” and revealed the data that supports his speech.
The Government of Javier Milei He has a very positive view of his first year of management and the results of the economic plan and supported it with a comparison between the main macro variables between 2023 and this year that he posted Martin Vauthiermember of the board of directors of the Investment and Foreign Trade Bank (BICE), which was later retweeted by the Minister of Economy, Luis Caputo.
The message from social network X highlights that, in 2024, they will be combined fiscal, monetary and exchange anchor with a consistent financial strategy and a deregulation policy. “With freedom and macro order, The results are seen in record time: V-shaped recovery, inflation falling, salaries and pensions rising, and poverty and indigence falling,” says Vauthier.
The data that the Government shows to highlight its management
And he added a table in which he compared that the accumulated fiscal financial result of the first eleven months of 2023, which marked a 3.3% deficit of GDP last year and contrasts it with the 0.6% surplus achieved in the same period of this year. Likewise, it published data from the economic activity index prepared by the National Institute of Statistics and Censuses (INDEC), which reflects that the pace of the economy is already 0.6% higher than the one it had in November 2023.
The table that also shows that retail inflation went from being 12.8% last November to 2.4% this year, while wholesale fell from 11.1% to 1.4% and that the registered private sector salary grew 1% in a year and retirements, 8.7%. Finally, it is reflected that the country risk plummeted from 1,940 to 650 points.
Caputo noted that Vauthier’s words were an “excellent summary” of what happened in this first year of management. to which Federico Furiasedirector of the Central Bank, added: “With macro order and without breaking contracts, The stabilization program with its fiscal, monetary and exchange anchors allowed inflation to be quickly lowered (against a nominal inheritance with risk of hyper) and channel a recovery of activity in ‘V’ (against an artificially high level of inherited activity given the deterioration of the BCRA balance sheet and the commercial debt of importers).” And he assured that “activity is recovering quickly despite fiscal consolidation” and the cleaning up of the BCRA’s balance sheet.
Source: Ambito
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