2023-09-27 16:10:00
Hoy 13:10
Patricia Bullrich will seek to implement in Argentina an exchange regime in which the peso and the dollar coexist as legal tender if he becomes president, according to his main economic advisor, Carlos Melconian.
The peso and the dollar They will “coexist” if Bullrich is elected presidentMelconian said Tuesday at the Bloomberg Economic Summit Argentina in Buenos Aires. “There will be a complementary exchange rate regime that it will be step by stepwhich will take into account the pass throughthe inflation rate.”
Bullrichcandidate for the pro-business opposition coalition, last month proposed Melconian, a renowned Argentine economist who runs a local consulting firmas his possible Minister of Economy. It is an attempt to focus your campaign on the issues that voters care about mostin a country whereand inflation exceeds 120%. The next Government will have to control spending, cut the fiscal deficit and rebuild dwindling reserves of the banco central.
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“There is going to be a very severe macroprudential policy,” said Melconian, adding that the Bullrich Government will try to reduce public spending by 4% of gross domestic product.
“We are going for 4 points of GDP to find primary fiscal balance. There is no such thing as 10 points, 15 points“he said, referring to the candidate’s promises Javier Miley. “That is another fancyMelconian added.
Melconian spoke at the event just before the intervention of Emilio Ocampo, economic advisor of Milei, who has promised close the central bank and dollarize the economy. Milei, who surprised by winning the August primaries, is considered the main candidate for the October 22 elections. Bullrich’s pro-business coalition he got about 28% of the votes in last month’s primaries, less than Milei’s 30%.
“We have to end inflation”said Ocampo at the same event. “It is impossible to advance with other reforms without eliminating inflation.”
Translated by Paulina Munita.
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