After executing an aggressive economic plan during 2024, Javier Milei outlined the next objectives in monetary matters to continue with the consolidation of the exchange rate and stabilization of the value of the dollarin addition to the reconversion of the debt maturities.
Firstly, the President of the Nation reiterated that “I do not speak in vain that we are the best government in history” and stated that “we returned to the Argentines GDP points that were previously stolen by the State with the monetary issue to finance the treasury.” In that sense, he stressed that “we have made an art of the right to defend property” and that “We are doing a lot of measures whose final result is the improvement of retirements.”
In this framework, he indicated that “if we reconfirm that inflation is around 2.5% in December, we are in a position to lower the crawling peg from 2% to 1% monthly.” “If for three months we verify inflation around 1.5% we get the crawling peg“, he stated although he analyzed that “the dollar is not behind“.
Likewise, he assured that “in net terms, We are not going to take on debt; What we are going to do is roll over the old debt“. “We do not need new debt, we have a fiscal surplus,” he stated and continued detailing that “We are going to take the funds so that the Treasury cancels the debt to the Central Bank; then the change in gross debt is zero. “The Treasury will continue to owe the same, but to a creditor and not to the Central Bank.”
From there, he explained his proposal for the dollarization: “The dollars are going to stay in the Central Bank to strengthen your balance sheet and when you improve that equity, it means that your currency is worth much more.” “When you achieve such a large capitalization level, it may be that at some point you can dollarize“Dollarization requires at least two more years,” he admitted on radio Miter where he also clarified that “closing the Central Bank is the next step.”
Regarding the tax reduction, the president did not offer new announcements but exemplified the official position with the dismissal of the former head of ARCA, Florencia Misrahiwhich took the initiative to include tributes to new categories of digital workers: “ I found out through the networks, if they had informed me I would not have allowed it“.”I spend a lot of time on Twitter because I’m auditing everything“, he admitted and added that “as soon as I saw that happen, I hit the head of the person in charge with a torpedo. ARK“.
Elections 2025: alliances and the role of Karina Milei
The President also stressed that “over the course of the year we have reduced poverty by 21%, and we have lifted nearly 9 million Argentines out of poverty.” “This should lead to reflection to those supposedly not Kirchnerists and who are supposedly on the side of the ideas of freedom but suddenly they are seized by an attack of nerdy republicanism of creatures,” he said.
Asked about his relationship with Mauricio MacriMilei assured that “we greet each other at the end of the year” and that “everyone knows that I have great affection, respect and admiration for Macri. Beyond quarrels on other lines, no one is going to change my opinion or my affection, YoEven if he criticizes me, I’m not going to get angry.. It seems to me that everything is within a reasonable debate.”
He was also questioned about the possibility of an alliance between La Libertad Avanza and the PRO for the legislative elections. There, the libertarian leader adhered to the idea of absorbing Macri’s party and its leaders: “He knows that I always have my doors open. […] “He is not alone.”
Finally, he referred to the possible candidacy of Karina Milei by 2025: “The decision to play or not is hers”. “Not only is he developing political muscle, but he is the person who takes care of me from the people who try to stab me in the back,” he said and, in the event of a possible nomination, he warned that “we opened a flank for the traitors.”
Javier Milei accused Victoria Villarruel of being “disconnected from reality”
Javier Milei reacted very critically to the vice president’s statements Victoria Villarruelwho had assured that he wins “ less than the President, the deputies, the senators, ministers, judges, diplomats and spokespersons.” In what is added as a new chapter in the internal affairs of La Libertad Avanza, the president assured that his running mate “it is disconnected from reality.”
The new crossing occurs within the framework of the freezing of the senators’ allowances decreed by Villarruel, who later spoke out against the salary he receives, on his social networks: ““My salary has been frozen for a year and the prepayment increases, taxes increase, it is not enough for anyone to live honestly off their salary,” said the vice president who earns a salary of approximately $3,764,821 without discounts.
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Under that line, Milei detailed: “95% of Argentines earn much less than that. Look at the income distribution data in Indec. The average salary in the economy is 400 thousand or so. In the 25% that are better off earns between 500 thousand and 7 and a half million. If you take the highest 10%, you earn between 900 thousand and 7 and a half million. And on average the highest decile earns. 1,400,000. It seems to me that it is a very unfortunate phrase and that it does not understand the reality of the Argentines and the effort they made. But hey, the political caste lives disconnected from the reality of Argentinesthe senate has salaries of around 10 million, she is disconnected from reality and it is the world in which she lives from high politics. “It’s a very, very unfortunate phrase.”
“It’s a shame that he said something like that. His salary depends on the Executive, so when he made the salary claim I told him that I was not going to adjust it and it will continue to be that way. She told me that she wanted to earn more money and I said no. Politics with respect to the rest of the Argentines lost and that is what corresponds. In the Senate they said it couldn’t be done and now it was possible. I can vouch for the chair I am in. When pressure from society appeared, it could be stopped. I have had the Executive’s salaries stopped since the beginning of the administration“he added on radio Miter.
Finally, he referred to the intern between the two: “She accompanied me with the formula, but starting in May she stopped participating in cabinet meetings because she did not share our way of doing politics. She feels more comfortable with things that the red circle applauds. and we do not do politics for 500 thousand Argentines but for 47 million.”
Source: Ambito
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