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Before the PASO, the Central Bank sent the Treasury another $ 80,000 million to finance expenses

2021-09-14T11:34:15.947Z

With this transfer, the monetary issue increases and the pressure on inflation grows. 09/14/2021 8:11 AM Clarín.com Economy Updated 9/14/2021 8:11 AM The week before STEP , the Central Bank (BCRA) made its second contribution in the month so that the Treasury can continue financing itself. Last Wednesday, the monetary entity sent him $ 80,000 million in the concept of Transfer of Profits to finance expenses. The operation was added to another $ 60,000 million that the Central ha



09/14/2021 8:11 AM

  • Clarín.com

  • Economy

Updated 9/14/2021 8:11 AM

The

week before STEP

, the Central Bank (BCRA) made

its second contribution in the month

so that the Treasury can continue financing itself.

Last Wednesday, the monetary entity

sent him $ 80,000 million

in the concept of Transfer of Profits to finance expenses.

The operation was added to another $ 60,000 million that the Central had issued for the same concept on Friday, September 3, thus

accumulating in the month $ 140,000 million in assistance to the

National

Government

in this way.

Asked about the need to appeal to the monetary issue to finance expenses, the Minister of Economy, Martín Guzmán, assured days ago: "Of course we would like to have more instruments and have more credit" but that

"today you have no other option."

So far in the second semester, the agency led by Miguel Pesce sent the Treasury $ 520,000 million, which is in addition to the $ 330,000 million in the first six months.

In total, it's $ 850,000 million so far this year.

New BCRA issue to finance the Treasury on 09/08.

We reached 2.0% of GDP



Emission for the Treasury accumulated in 2021:



$ 850,000,000,000 Year 2021



$ 3,386,454,183 Per day



$ 141,102,258 per hour



$ 2,351,704 per minute



$ 39,195 per second



Do not blink.

pic.twitter.com/MRa4KH0p67

- Bruno Panighel (@bPanighel) September 13, 2021

Of the total amount sent to the Treasury, $ 660,000 million were in concept of Transfer of Profits and $ 190,000 in

Temporary Advances

, according to Central Bank records.

The latter arrive when the profits obtained by the entity are finished.

And it's all part of a growing monetary issue that puts

more pressure on prices and inflation.

For this year, the Government has already announced

an expansion of spending of $ 600,000 million

, which will be financed with debt and issuance from the BCRA.

In the first half of the year, the Treasury covered maturities and obtained additional pesos in the debt market, which reduced the request for monetary assistance.

But since July the picture has been complicated.

NE

Look also

More issuance: Martín Guzmán received another $ 60,000 million from the Central Bank to finance the deficit

Martín Guzmán offered bonds tied to the dollar and thus obtained $ 100,000 million to finance the deficit

Source: clarin

All business articles on 2021-09-14

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