2023-07-25 12:28:38
The president of the Córdoba Stock Exchange, Manuel Tagle, considered that the measures announced by the Minister of Economy Sergio Massa “They are more of the same”.
“Massa always promises to do something, and in the end he doesn’t do what needs to be done. Of course, time has run out because doing the things that have to be done at this moment, two weeks three before the Paso elections, is very difficult for a party like Kirchnerism,” Tagle explained.
He also added that this “means making corrections that politically may not be interesting for the party because it may also generate some disgust in the sense that I corrected themcions have their costs and the costs this populism of Kirchnerism does not want to pay”.
“They have generated so many imbalances, so many imbalances throughout these years that at this moment it is very difficult to take the measures that must be taken in such a short term. Massa lost the moment to do it when he took office and said he was going to do it and he didn’t do it.”insisted on statements to Miter Cordoba.
agro dollar
“We find ourselves with measures that, in the first place, seek to stimulate exports with a dollar for the agricultural sector of 340, which is not privileged because the free dollar is at 550 pesos and Offering him a dollar of 340 is also insufficient, even if it is a difference with the dollar 290, to what the official is currentlyTagle said.
“It seeks with that to generate dollars that do not have them. The country does not have them, the Central Bank does not have them. And it does not have them for having generated these policies of controls of prohibitions of exchange rate traps of State interventions permanently in the economic activity that generate tensions and distortions “he added.
According to Tagle, “the productive sector casually seeks to import more than it needs because the stimulus to import with a cheap dollar is very important and there is a strong discouragement to export as well.”
“This has generated a lack of dollar income that is currently showing that the country is in an international financial insolvency“, considered.
When referring to the tax on imports, he assured that they are “tAll measures of greater restrictions and greater controls to be able to control the situationI don’t know if it will make it because the dollar jumped to 550 pesos yesterday.”
He also questioned the “tax on the productive sector or on companies of a 15% advance of income tax regarding what should be paid next year” by arguing that “It is really taking a very important part of the resources that would correspond to the next government and financing itself with the resources of the next government, which is something unprecedented”.
imports
“The Central Bank, not having dollars, asked importers to finance themselves with foreign suppliers and to pay them in 180 days, and that has generated a debt that at this moment is above 10 billion dollars that the next government will also have to pay,” Tagle explained.
Measurements
“I think that what Massa has done has been to kick the situation for later and not solve the problems “Tagle said.
“Argentina has to make the corrections once and for alltake the measures firmly, lower public spending, eliminate the fiscal deficit, ensure that the issuance of currency is controlled, lower the fiscal pressure and integrate into the world as a serious and competitive country and this is not being achieved”, concluded the head of the Córdoba Stock Exchange.
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