The President presented tonight the project that will outline the Government’s economic plan for next year.
After the president Javier Milei will present tonight before the Congress the 2025 Budget, different sectors of the Argentine business community They supported the president’s proposal and its fiscal balance plan. However, they insisted on the lifting of the cepoone of the points that arouses the most complaints among the fans themselves Government.
Gustavo Idígoras, president of Ciara-CECconsidered that the President’s speech was “a ratification of the fiscal and monetary policy of this government” and confirmed that “they fully endorse and support it.” “Without a fiscal surplus we cannot recover the economy, but Now we have to work on achieving a trade surplus through strong export growth with added value.“, he added.
Despite his marked support for the Government, Idígoras stressed: “The agroindustry is ready to respond to this challenge. But to do so, We need a unified exchange ratethe elimination of the cepo and all the restrictions applied by the BCRA that were inherited by this government.”
The same was said Mario Natalio Grinmanhead of the Argentine Chamber of Commerce, who stressed that “the message in Congress ratified the course; reiterated the firm conviction of maintaining fiscal balance and reduce the weight of the State“.
“They are essential pillars for eradicating the scourge of inflation and allowing the private sector, the true driving force of progress for nations, to operate freely and fully unleash its potential. That is why our assessment is clearly positive.“, Grinman said.
The three objectives of the new budget methodology
The new budgetary methodology announced by Milei “will achieve three unprecedented objectives”:
- It’s going to “guarantee fiscal balance, ending the write-off of debt and issuance.”
- It’s going to “force the state to take charge and absorb the cost of any potential recessions.”
- And for periods of abundance such as those to come, “This will force the excess revenue to be returned to society through tax cuts”“This means that, if this methodology is maintained from now on, we will not only be able to reduce taxes, but also the size of the state, which is the real tax burden,” said the president.
Source: Ambito
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