Economist specialized in Economic Development, Strategic Marketing and International Markets. Professor at the University of Belgrano. Member of the Liberal Network of Latin America (RELIAL) and Member of the Institute of Ethics and Political Economy of the National Academy of Moral and Political Sciences.
INFOBAE – The Government of Alberto Fernández, and its Minister of Economy, Martín Guzmán, continues to place debt in dollars at stratospheric rates, buying at a high price a pseudo stability that will be ephemeral. Recall that since 2016 we criticized Mauricio Macri for placing debt at high rates, anticipating that in four years we would reach default, and we reached default. Guzmán continues to maintain that it is not necessary to lower public spending. It seems that he did not realize that the crisis has already broken out
But Macri placed debt in dollars at 7.5 percent per year and the current government places debt at 16 percent per year. In this way, it can be affirmed if there is a risk of being wrong that, once again, the next debt default is being generated. I even dare to predict that, unless they change their mind and half the cabinet, Argentina will go into default during the next administration.
The Frente de Todos government continues to commit the same old mistakes as always, from previous administrations, creating 15 new taxes, fees and contributions that only serve to continue looting the private sector. They are leaving the productive sector more and more exhausted, the one that generates work and opportunities, the one that invests.
It is the same government that maintains a fiscal deficit that ensures an acceleration of inflation that this year will end at about 36% per year and next year it will be higher, perhaps much higher. We criticized Macri for placing debt in dollars at 7.5 % per year, but the current government places debt at 16% per year
In such a complicated context, Minister Martín Guzmán continues to maintain that it is not necessary to lower public spending. It sounds incredible. It seems that they did not realize – neither the head of the Palacio de Hacienda nor the rest of the government – that the crisis has already broken out. Just look at the battered private sector to see that tens of thousands of companies are going bankrupt.