The headquarters of the Renewing Front became a new center of gravity for politics and the economy. Sergio Massa met his advisers and team officials on Saturday and Sunday at the Libertador offices at 800. For almost 12 hours, in various meetings, they adjusted the measures they will implement in the next few hours to calm the financial front in front of the ‘incessant loss of reserves and the advance in the pruning of the fiscal deficit, which will entail a brake on spending and an advance on taxes.

The idea is to launch a measure every day aimed at stabilizing the economy, which tomorrow will be two months from the start of the title race, followed by the foreign exchange crisis, the resignation of Martín Guzmán and 24 days later his successor, Silvina Bataki. An outgoing tax measure is the resolution prepared by Mercedes Marcó del Pont so that companies with extraordinary profits due to the higher prices due to the war in Ukraine advance this plus tax in three installments.

It reaches around 1,900 signatures and this year they would pay what would correspond to the next. There is no certain calculation, even if we are talking about 200,000 million dollars and it would be known this week. Unlike Guzmán’s bill, the regulations don’t have to go through Congress. The new head of AFIP, Carlos Castagneto, will have the initiative at hand this Monday when he moves from his office on 9 de Julio Avenue to the first floor of the Treasury headquarters, diagonally from Casa Rosada.

Massa reported on Twitter that the measure aims to “support” the bonus for retirees that will be announced Wednesday at 5pm from Casa Rosada. Last Thursday and Friday her team met the director of AnseS, Fernanda Raverta, evaluating the numbers to define the reinforcement, “without affecting the accounts”.

Of course, this can cause cracks in the negotiations to inflate reserves. The Secretary of Agriculture receives this Monday the fishing industry, which has pledged $ 300 million, an important figure for the sector, but still limited compared to the ambitious goal of raising $ 5 billion. Progress is also being made with the meat industry, mining and the CIARA oil chamber. The idea is to close an agreement with the cereal companies this week, while the incentives for the oil sector are also defined.

The Central Bank has already launched an official dollar-adjusted bank account on Thursday so that exporters anticipate the settlement of dollars. The first contest for dollar bills to remunerate these deposits will take place this week. In these days, the head of Agriculture, José Bahillo, will meet the Liaison Table, to which he will offer to extend the duration of the “soy dollar” by one month, valid until 31 August and so far without major repercussions.

Financially, the Treasury will return $ 10,000 million in transitional advances to the Central this Monday. In July, the BCRA transferred $ 630,000 million, reaching 90% of the limit agreed with the IMF. Although the repayment amount is symbolic, it is a sign that it will not borrow money from the company to finance the deficit for the rest of the year. The goal of “zero emissions”, as Massa called it, is to reduce inflationary and devaluation pressures.

Another key measure is the voluntary exchange of debt for pesos. It will be this Tuesday, they assure that they would have already accepted 65%, even though the majority would be official bodies. Aim to unpack $ 2.5 trillion of deadlines over the next 90 days. $ 500 billion accrue in August, $ 1.2 trillion in September and another $ 500 billion in October. The bet is that the “debt ball” will drop to $ 250 billion a month.

On the same day, the minister will receive the heads of portfolios administration to deliver the programming to them until the end of the year, so that they know the investment priorities and “spending caps”. “Caps” have also been set for the recruitment of staff in the administration and the budget established by the Guzmán decree will be respected. “There will be no increase in spending, nor will it continue to be issued to finance it,” a Massa adviser said.