One by one, the 10 keys of Silvina Batakis’ announcements

“Our slogan is not the speculative model. All the measures have to do with ensuring the budget balance. “After briefly examining how much work has been done this week, the Minister of Economy, Silvina Batakis, again indicated that the problem is global and stressed that it will continue with the path proposed by the President Alberto Fernandez.

Before outlining the measures, the minister clarified: “The world today is unbalanced and this concerns Argentina because we are a ‘globalized country’, but the truth is that Argentina’s structural matrix is ​​intact.

Subsequently, Silvina Batakis started the measures that will be implemented:

Budget: the public sector will not be able to spend more than it collects

“The monthly budget shares that the Ministry of Economy allocates will only be in line with the projection of real money,” said Batakis. And he clarified: “We will not spend more than what we have”.

“We understand that the public sector must use deficits as a counter-cyclical tool, but once these turmoil are overcome, we need to get back to the axis of equilibrium,” he said.

The objectives agreed with the IMF are maintained

“This is very important,” he said, pointing out that they had already held meetings with Kristalina Georgieva and other top officials here in Argentina with representatives of the monetary authority.

“The objectives agreed with the IMF are being maintained. This agreement is the consequence of the Fund’s arrival in Argentina at a time of maximum speculation,” he warned.

The law on financial administration is amended

“All ministries and state-owned companies will have to work on efficiency in their spending. A system of single accounts so that all cash disbursements go out of a central box. Savings of $ 600 million are expected to be generated,” he said. added.

They block the entry of personnel into the state

The entry of personnel into the state will also be frozen, extending to all decentralized agencies, not only in the central administration

Foreign debt in dollars

Tariff segmentation

As for the tariff increase, the official stressed that “this Friday implementation will be open to the entire population that the President gave us, which he has to do with the segmentation of tariffs for the different types of population “.

Segmentation is what former Economy Minister Martín Guzmán left in motion.

In addition, the tender envelopes for the first section of the Néstor Kirchner gas pipeline were opened.

Positive interest rates with national public sector instruments and other types of instruments

Higher-than-inflation interest rates for Treasury debt: “Argentina must take a positive path in real interest rates,” Batakis said.

Assembly of the Advisory Committee for the Analysis of Sovereign Debt in Pesos

Real estate revaluation, migration to the economy

Batakis has announced that it will make “an amendment to the law on financial administration, in two stages”. Article of administration to include all personnel of each of the bodies in the planning of the national state. “

It also announced that the Real Estate Valuation Agency will be migrated to the Ministry of Economy: “We will work on methodologies to make the assessment comparable in all provinces and cities and be fairer to all taxpayers.”

Exchange in balance

According to Batakis, they understand that the multilateral exchange rate is in equilibrium, therefore they do not see the need for there to be movements in this direction.

The minister assured that the multilateral exchange is in balance, so they do not see the need for movements. “This year’s record export harvest is enabling us to cope with the huge increase in energy prices around the world. We are experiencing currency tension to continue to support manufacturing activity

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