2024-02-16 06:10:33
President, Javier Mileygave two interviews between Wednesday and Thursday in which he confirmed the country’s economic direction, responded to Cristina Fernández de Kirchner and confirmed that Argentina is moving towards dollarization.
“We have an 85.7% chance of being able to dollarize. If we finish cleaning up the financial liabilities and reform the financial system instantly, we could dollarize, but since it is not instantaneous, we cannot,” Milei said on La Red radio.
He specified that to move forward he must still “clean up” the balance sheet of the Central Bank (BCRA) and promote a financial reform, which, according to his calculations, could be completed by mid-year.
He also referred to the Law of Bases and Starting Points for the Freedom of Argentines, which foundered in the Chamber of Deputies. Finally, the ruling party had to withdraw the project because it did not obtain opposition endorsements for its approval in particular. According to Milei, it was a “resounding triumph” for his political space.
“I exposed them. If I had told you that two months after taking office I would have found a way to generate ideological order in Argentina, you would have told me ‘where do I sign?’, well, we achieved it with this where many people left their fingers dirty. It’s the real ‘they don’t see it,’” Milei said. So. She insisted that “enemies” and allies were exposed.
Meanwhile, he announced that the Government is adjusting the details to launch an economic assistance program aimed at the middle class, which will include vouchers for the purchase of school supplies and financing for the payment of private school fees. The measure, as announced by President Milei, seeks to offer support to families affected by the drop in income after the record inflation figures in December (25.5%) and January (20.6%).
“There will be vouchers and financing for students. The ministers are working (Sandra) Pettovello y (Luis) Caputo. “We are very close to announcing that,” she said. “We are going to incorporate an assistance mechanism for the middle class so that children do not miss school, because the situation in which your income drops and you have to change the child’s school is not only traumatizing for the parents but also for the boys,” reinforced the head of state.
The implementation of vouchers in the educational system had been one of Milei’s campaign promises. The proposal involved moving from financing supply (schools) to financing demand (families).
Retirements
In another part of the interview, Milei referred to retirements and the changes that were projected in the so-called “Omnibus Law.” In that sense, he said that the modifications that his government promoted implied an improvement in the retirement benefits “damaged,” he said, by the formula that he governed before.
“The formula was developed by Kirchnerism, which caused enormous damage to retirees, it is not something that I caused. If we let the formula run, we would be asking for two points of GDP. With the formula that we were proposing, retirees recover 1.5 of the GDP, because since these formulas have delays, but since that acceleration has already happened, then the recovery would come later, but that is bogged down, basically because the politicians continue to demagogue, but “We had planned to rebuild,” he expressed.
“The adjustment but within that adjustment was not only the recomposition of 1.5 of the retirees but there is also a doubling of the universal child allowance and a doubling of the food card,” he added.
The libertarian leader expressed that he is “doing what the manual says works, unlike Mrs. Cristina Fernández de Kirchner who uses a manual that does not work and denies the monetary nature of inflation and does not realize that since we left convertibility in the first year of Kirchnerism the average inflation was 9%, then it was 20, then it was 30.”
“I am doing what the manual says, the only way to cut inflation is to cut the monetary issue, we are doing it, then life, things come sooner or later, but we are doing what has to be done ”, he delved.