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Cristina Kirchner and two wishes for 2024: break with the IMF and more fiscal pressure

2023-05-27T21:30:19.060Z

Highlights: Vice President Cristina Fernández outlined at least two concrete lines of action. None of those who claim to be in the race for the Frente de Todos have dared to say anything, until now. No one explains how the continuity of Kirchnerism and its vision of the economy at the head of the Executive Power from 2023 could improve the economic scenario. Sergio Massa is grappling with the situation and talks about stabilizing politics as a necessary condition to stabilize the economy. He did not relate the lack of reserves, the impossibility of financing oneself in the capital markets.


These are two concrete proposals outlined by 25M. It is more than what the FDT pre-candidates say.


From her last public presentation, which lasted an hour and with the people enduring an intermittent rain, Vice President Cristina Fernández allowed to rescue at least two concrete measures that she intends to apply, not in what remains of this Government, but at least in a new government if the official formula triumphs, which she will define and to which she will delineate from end to end to the economic policy.

A strong idea would be to break with the International Monetary Fund, or at least reconsider an agreement so that the debt that the country maintains with that organization is paid only if there is a trade surplus.

The second, greater tax pressure on those who have more.

On the debt with the Monetary Fund, he insisted on paying off the debt by linking the maturities"to a percentage of exports", that is, it is paid only if there is a trade surplus.

On the fiscal pressure, he suggested this: "The problem we have today, pressing, is the distribution of income. And look, believe me that to distribute income many times you have to put an ugly face on those who have a lot because it is not about confrontation. Or why do you think that in my second government we were able to reach 51%? Or why do they think they hate me, persecute me and outlaw me?"

Then, business as usual: rethinking the country, adding value to exports, diversifying exports, improving the distribution of income and wages.

He said nothing, of course, about the trap and the exchange rate gap, and how that measure (the trap) and that consequence (the gap) are what explain in large part why today the Central Bank has negative reserves and juggles to release dollars -cheap- to importers.

He did not relate the lack of reserves, the impossibility of financing oneself in the capital markets and the consequences of financing oneself with monetary issuance, with the unleashed inflation numbers, which generate more poverty.

The criticism of the IMF is repeated along with the conversations that the minister and perhaps presidential candidate Sergio Massa seeks to establish with the IMF board to advance fresh funds.

The interesting thing about the vice president's speech is that she outlined at least two concrete lines of action. None of those who claim to be in the race for the Frente de Todos have dared to say anything, until now. No one explains how the continuity of Kirchnerism and its vision of the economy at the head of the Executive Power from 2023 could improve the economic scenario.

Sergio Massa is grappling with the situation and talks about stabilizing politics as a necessary condition to stabilize the economy. Add many campaign events made up as management: a level crossing in San Fernando, a stimulus to the importation of disassembled motorcycles to assemble here, a tourist train ride to connect the town of Mercedes (city of the interior minister and possible candidate Eduardo De Pedro) with Tomás Jofré (a town of 300 inhabitants) located 17 kilometers away and whose trip will take 45 minutes.

Eduardo De Pedro presented a video wishing Argentina to work.

Of the economic future, little and nothing. Or all of the above.

Source: clarin

All business articles on 2023-05-27

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