The Government had predicted in the Budget initiative a total price increase of 18.3%.
The Minister of Economy, Luis Caputopredicted for the 2025 inflation “around 20%”while the Government had anticipated that the number would be 18.3% in the initiative of Budget. At the same time, he projected that Argentina will grow “in the order of 5%” next year, “the highest level of growth of the last 15 years“.
“Inflation, which ended in 2023 at 230%which this year we estimate will be at 117%, we are predicting for next year around 20%. It is still high, but it will be a very important achievement,” he assured.
Luis Caputo highlighted the achievements of the Government in his first year in office
In addition, an official spoke at the summit of the CPAC of Buenos Airesa forum that brings together the main leaders of the international right, and highlighted that in its first year in office, Javier Milei’s administration “ended the scourge of the deficit and spending decreased in real terms by 30%“.
Along these lines, the head of the Treasury Palace listed some achievements of the Government, among them that “the country risk is at the minimum of the last five years”, that “salaries measured in dollars are at the maximum of the last five years” and that “the year ends with a lower free exchange rate, It’s something no one could have foreseen.”
On the other hand, he pointed out: “We doubled the assistance of the two most important subsidies, the Feed Card and the Universal Child Allowance (AUH)”, he said and added that these plans “today cover 100% of the Basic Food Basket.” Despite the Minister’s statements, in November, the amount of the Alimentar Card reached 108,062 pesos for families with three or more children and the AUH was 72,669 pesos, while the Basic Basket rose to 434,620 pesos.
Source: Ambito
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