Post by account_disabled on Mar 9, 2024 6:23:21 GMT
The current government received from the previous one, since in the Indec (National Institute of Statistics and Census) “intervened”, manipulating the figures. The Minister of Economy at the time, Axel Kicillof , even said that measuring poverty was “stigmatizing.” But estimates from private consulting firms place it at % at the end of alberto fernandezIn the last two years, Argentina experienced an accelerated process of deterioration in all its economic indicators. And this trend acquired cruising speed after the primary elections on August , when they announced a resounding victory for the Peronist/Kirchnerist candidate, Alberto Fernández.
From that day until this Sunday's elections, for example, the Central Bank's reserves fell by a third, losing $ billion. There was also a flight from private deposits in Iraq Telegram Number Data dollars, in the order of , million. A sign of the distrust of the population, who prefers to withdraw their savings from banks to hide them in their homes or in safe deposit boxes. In this same period of time there was also a sharp devaluation : the dollar went from pesos to pesos. Inflation jumped in September, reaching %, and the International Monetary Fund estimates that the figure for will be %. The same organization predicts that this year will end with an economic contraction. To this we must add the essential renegotiation of the debt , unpayable today with the established maturity schedule.
After the primary elections announced the certain possibility that Macri would be defeated at the polls without even the need for a second round, the government tried to react. First, to try to avoid the disaster that would be reaching a new default or suspension of payments, and also to try to reverse the result of the primary elections in order to achieve a second round. To do this, he resorted to Kirchnerist-type measures, which he had criticized so much. First, establishing change control . Later, backtracking on other issues that were the government's trademark, such as reducing the deficit. He decided on an increase in social aid, a reduction in VAT for essential products and a drop in tax pressure.
From that day until this Sunday's elections, for example, the Central Bank's reserves fell by a third, losing $ billion. There was also a flight from private deposits in Iraq Telegram Number Data dollars, in the order of , million. A sign of the distrust of the population, who prefers to withdraw their savings from banks to hide them in their homes or in safe deposit boxes. In this same period of time there was also a sharp devaluation : the dollar went from pesos to pesos. Inflation jumped in September, reaching %, and the International Monetary Fund estimates that the figure for will be %. The same organization predicts that this year will end with an economic contraction. To this we must add the essential renegotiation of the debt , unpayable today with the established maturity schedule.
After the primary elections announced the certain possibility that Macri would be defeated at the polls without even the need for a second round, the government tried to react. First, to try to avoid the disaster that would be reaching a new default or suspension of payments, and also to try to reverse the result of the primary elections in order to achieve a second round. To do this, he resorted to Kirchnerist-type measures, which he had criticized so much. First, establishing change control . Later, backtracking on other issues that were the government's trademark, such as reducing the deficit. He decided on an increase in social aid, a reduction in VAT for essential products and a drop in tax pressure.