The Secretary of Economic Planning, Gabriel Rubinstein, He talked about the dollar and inflation and made his projections for 2023. He also took stock of the “Massa era” and said that it is more accurate to speak of “a plan to move forward” than “a plan to arrive”. Among other concepts, the economist ensured that the CPI has started to fall and that “when it is no longer convenient to import anything to exploit the exchange rate gap, the sport of trying to get dollars from the BCRA will end.”
The Secretary of Economic Planning, Gabriel Rubinstein, assured that “inflation is declining. In October, Core inflation was 5.5% and wholesale 4.8% when the broad index was 6.3%and for this month the downward trend continues”,
Via Twitter, Sergio Massa’s number two linked a report they did for the Newsweek portal. The official talked about inflation, the dollar, fair prices and gave some forecasts for next year.
“Fair pricing is a useful tool in trying to achieve 4% inflation over the next few months and toward 3% by the end of next year,” Rubinstein said.
The deputy minister also highlighted as a goal “it is very important to accumulate reserves”, and the tools that help this are “the soybean dollar in December, IDB loans and others, as well as better import control through the system (SIRA).”
On this specific issue, Rubinstein stated: “When it is no longer convenient to import something to exploit the exchange rate gap, when the exporter feels that what he sells is worth what it should besport of trying to get dollars from BCRA ‘however, would end’he summarized.
“It will take some time, but today we are working towards macroeconomic order with a primary fiscal surplus and a unified foreign exchange market”, commented the Secretary of Economic Planning.
That macroeconomic order, for Rubinstein, is accomplished in two simple steps: “A) robust primary budget surplus; B) unified foreign exchange marketthat is, without shares or exchange gaps,” he said, adding not to forget the competitive exchange rate: “Exchange rate unification would guarantee us from a high dollar. Then less public spending would mean consuming less and importing less».
In his opinion column which he published in Newsweek, the official added: “We Argentines did it many important debates to be produced and resolved so that our economy can one day grow in a vigorous, sustained and inclusive way, that is, with everyone within the system”.
In this sense, he explained that there will always be more “right” or “left” positions; more statist and more liberal as in “almost every country on the planet”.
NS
Source: Clarin
