Undersecretary for Economic Policies, Gabriel Rubinstein, once again defended the Fair Prices program announced last week by Sergio Massa and underlined that it will serve to lower inflation. In addition, he has defended himself against criticism and made it clear that they have not changed their beliefs,
Sergio Massa’s deputy had already warned on Friday that it is “an excellent tool to try to slow down the inflationary inertia towards 4% per month” in the coming months.
“That 4%, or 60% a year, is what we plan and include in the 2023 Budget. And it is well compatible with ‘macro’ fundamentals (fiscal, monetary, etc.),” said Rubinstein.
This Sunday, faced with some criticism, the economist returned to defend the initiative via his Twitter account. Fair pricing “is not to eliminate inflation as the deficit increases as in September 2021, but it is only to bring it down as the fiscal deficit decreases,” he said.
“It’s not that I’ve changed my ‘convictions’. It’s that the reality is different: in September 2021, the intention was to increase the deficit and freeze prices: an inconsistency. It is now expected address inflationary inertia in line with “macro” inflation.He explained.
In this sense, he continued: “First, I’m going to freeze. Now I’m in broad agreement. Before margins 30% (more normal). Now at 40% (very high). I’m not at all happy with 4% a month. But achieving it today would be a step forward. And again, compatibly with the decline in the fiscal deficit. Another situation.”
Among the criticisms he received online was the opinion of the economist Javier Milei, who directly accused him of being a liar. Rubinstein replied: “business margins” which “as of September 2021 was 30% and now 40%”. “Therefore, I invite you, that instead of insulting or defamingthink about these differences and, when you want, we can seriously discuss them.
NS
Source: Clarin
