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While consultants and economists take it for granted that March inflation would be far from the horizon of 3% that the minister Sergio Massa had outlined, Domingo Horse analyzed this Thursday, April 13 at night, “the general orientation of economic policy” and predicted a annual inflation above 120%in case the flow of “pent-up inflation” that the national government seeks to “contain”.
Consulted on the channel LN+ on the difficulties of the economic management of the Front of AllCavallo warned that it is possible that monthly inflation stabilizes “between 6% and 7%.”
In this sense, the former Minister of Economy asked the ruling party for “an effort” so that finally Repressed inflation “surfaces”. (originated according to Cavallo by the policies of control of prices and the pressures exerted by the Government).
From the economist’s perspective, this is an essential condition “for the economy to stabilize”.
“They have arranged that from now until August fuels rise by 4% per month and inflation is 7%”detailed Cavallo in LN+.
“It means that these prices are going to be delayed at a rate of 2% per month”he explained.
“After what is going to happen? They are going to have to authorize a much larger increase. It is the same thing that happens with all the rates of the services that have been delayed. All of that is pent up inflation“, considered the former head of the Palace of Finance.
“I would say that since they have no chance of lowering the inflation rate because the general orientation of economic policy and the organization of this economy make it impossible for them to believe in the government that it is going to be able to stabilize in a genuine sense, then what at least take advantage of this relatively high inflation to bring out all that repressed inflation and that the relative prices remain more balanced”, reasoned Cavallo.
The measure, according to the former head of the Palacio de Hacienda, would favor “the possible subsequent stabilization of the economy.” First of all, it would be necessary, insisted the ex-minister, to “liberate prices.”
When asked how much inflation would be if they let repressed inflation “reveal”, Cavallo calculated a value “greater than 120%” per yeartaking 6% or 7% per month as a reference.
CA/ED
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The Madagascar swimming championship will be held in Toamasina, from yesterday 12 to 15 April, at a distance of 50 m. More than 300 swimmers compete in it, held in the Piscine olympique du CJST. More than 20 clubs are participating in this 2023 edition.
The competition was designed to prepare and select Malagasy athletes for the Island Games or JIOI 2023, which will be held here in August. In this national competition, our representatives will be selected for the African championships in the “senior” and “junior” categories and the world games.
In addition, Telma Rabejaona Holy Antsa, a Malagasy female athlete who brought the name of Madagascar high in her competition, became the ambassador of the company. Among them is the World Championship, in Budapest, last year 2022.
Fitia (Apprentice)
Vienna (OTS) – Defense Minister Klaudia Tanner appointed the members of the Federal Ministry of Defense’s new “Procurement Review Commission” (BPK) this week. With the State Defense Financing Act (LV-FinG), which came into force at the beginning of this year, in addition to the state defense report, which the Federal Ministry of Defense submits to the National Council every year, a commission was also decided which will examine future procurement processes. This will be responsible for “ensuring that procurement projects are carried out in accordance with the law and that procurement projects are managed sparingly and appropriately”. A total of six members were appointed to the testing committee.
“I am convinced that the members have an exceptionally high level of competence and expertise in order to be able to fulfill the tasks required of them by the procurement review committee in an excellent manner. Procurement processes are to be examined with the commission specified in the State Defense Financing Act. In this way, we are creating more transparent and comprehensible procurement channels in order to prevent corruption in the processes or to prevent it from occurring in the first place,” said Defense Minister Klaudia Tanner regarding the appointment.
Six members for examination committee
The “Procurement Review Commission” consists of six members: In addition to the lawyer Priv.Doz.Dr. Bernhard Müller (DORDA Rechtsanwälte GmbH), who will head the commission, completes Dr. Gerhard Saria (University of Vienna) as deputy, Mag. Ulf Seifert (Seifert & Partner GmbH & CoKG), Dr. Gerhard Saria (University of Vienna), Dr. Remy Horcicka (H/H/R Rechtsanwälte), Mag. Harald Perl (former President BVwG) and MPA Bernhard Müller (Urban Forum) the examination committee.
The members of the Commission can act autonomously and independently within the framework of their office. The aim of the commission is, among other things, to create a catalog of criteria that contains the international standards for fighting corruption for the federal government in order to prevent corrupt arms deals. This is intended to enable a comprehensible and transparent procurement process.
Federal Ministry of Defense
press department
+43 664-622-1005
presse@bmlv.gv.at
@Bundesheerbauer
