Argentine Economy Minister Silvina Batakis, who was sworn in last week, announced a package of economic measures at a press conference this Monday (11). He said that through the proposals, the government will try to restore the country’s “financial balance”. Batakis also stated that the debt negotiation agreement with the International Monetary Fund (IMF) will continue, contrary to what the minister envisaged.
Batakis said, “The goals agreed with the IMF are preserved. We understand that this is an agreement that we signed as a state and that we have to abide by.” “Maximum speculation” in Argentina.
As for economic measures, the minister confirmed that the government’s monthly budget for public sector bodies would not exceed Argentine revenue and announced the establishment of a “debt advisory committee” to “assess and bid on government debt in currency terms”. country.
Batakis said he believes in the State’s solvency as a “supporter of economic activity and job creation”. He also announced that there would be a change in Argentina’s financial management law that would place the entire public sector under the principles of “effective budget management”.
Batakis said that during his first week as minister, he also met with business leaders and assessed that the government could not allow the recent “price violations”. According to him, there is “no technical explanation” for the level of price increases for Argentine consumers and the move consists of “pure speculation”. Regarding the recent depreciation of the peso, the minister said that the exchange rate against the dollar is stable and must be competitive to stimulate foreign trade.
source: Noticias
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