Miguel Ángel Broda, against the Government: “We are in the presence of the largest malpractice in the history of Argentina”

Economist Miguel Ángel Broda questioned the government’s economic policy and said “we have witnessed the biggest malpractice in Argentine history.”

“We are in the presence of the largest malpractice in Argentine history. In a heterodox populism that even constitutes the rebellion of the best heterodox ”, emphasized Borda, who said“ we are very complex ”.

Speaking on the radio partnerBroda also warned that “Ever in the history of Argentina there has been so much broadcast for the State from April 1 to May 20 “.

“We used 60% of State financing in four and a half months of what it was for the year. The latest figure is over 600 billion dollars,” said the economist, who warned that “in addition, the level of activity is stops. ” .

“One of the problems of high inflation is indexation. the chances that this government will build a stability program are zero. Because the conditions for doing so are to lower spending, spend less, have enough credibility, “Broda listed, noting that” the government does not have any of these conditions. “

Regarding the fulfillment of the agreed objectives in the agreement with the International Monetary Fund, he considered that the Government is “farther from fulfillment every day,” so “they need to rewrite so that disbursements can be made.”

“Argentina is the opposite of what needs to be done in terms of public spending and we are far from meeting the objectives of the International Monetary Fund on June 30, “he said.

In this context, he considers that “The economy is very difficult., there are dynamics of growing inflation. The annualized inflation rate for the last three months is over 90%. The main basket grew at a rate of 135%, that is, on average 7 per month. We have an acceleration of public spending to an unprecedented magnitude. In April, primary spending without Covid, rose 93% nominal and 28% real to April against April ”.

“It’s an Economy Minister [Martín Guzmán] that the speed of spending is at 150 kilometers per hour, the Patria Institute wants to go and the curve is coming up, ”Broda analyzed.

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