Luis Caputo: “Everything is a job in this country, there are kiosks everywhere”

Minister of Economy, Luis CaputoAlong with tough rhetoric from President Javier Mili, the omnibus targeted opponents of the legal plan.

“Everything in this country is work. Since there is an infrastructure area, I see all the companies and everything is working. Let people understand, that's it. There are kiosks everywhere, and this law, to a certain extent, is going to combat that,” Caputo said in an interview. Nation+.

Asked if there were deputies guarding these “kiosks,” Caputo opined, “As in all areas, everything is among the deputies.” Generally, they're all opposition, so they don't die because we're good. “Some have a career for service, others protect businesses.”

“I'm not arguing with the governors or the representatives, it's a negotiation and everyone is protecting their own thing. But the people voted for this, change has to come. “Anyone who doesn't support that change is, in one way or another, supporting everything that led us to this disaster,” he added.

Regarding the negotiations in Congress for the Omnibus Act, Caputo pointed out: “One of the problems is that the states misjudged their bargaining power. Majority thought, 'Minister, you are going towards fiscal balance, to reach 1.4% of GDP, and you are going to come with a tired horse'. I had a plan B and I saw that we were going to zero deficit Even without the law”.

“We have the economic package on one side and the law on the other. They play two different roles. This package is designed to stabilize the economy so that people no longer suffer from the sufferings experienced in recent decades such as deflation, inflation and debt. Nothing depends on omnibus legislation. In fact, there is no funding in the Act, which we had already withdrawn,” the minister added.

“We are not stupid. We know we deal with people who don't like change. We knew we were going to meet resistance. This has already been thought through in the design of the project. “One of the possibilities is that most of the financial package is not in the law because it will not come out or it will be delayed,” he noted.

Caputo emphasized that the cut-off law would not “affect” the immediate financial plan, but rather had a medium- and long-term objective: “The law is intended to lay the foundation for the private sector once the economy is stabilized. The country can move forward as best and as quickly as possible, deregulation, elimination of kiosks, simplification of tasks and so on.” .The law is for Argentina, not the government.

After considering “obviously” that the current inflation is not the responsibility of this government, but “the responsibility of all the overprinted pesos”. Paid plan They're having their effect now,” Caputo said, expecting the January rate to be closer to 20%.

“Inflation is driven by a combination of factors. We stopped beating the engine. In fact, since we assumed office, the money supply has not grown even nominally. On a broader basis, it means that the entire issuance of pesos from the BCRA (normal base and payday loans) fell 20% in real terms. We are aggressively rebuilding BCRA's balance sheet. Liabilities fell by 20% in real terms and reserves grew by 20%,” explained the Economy Minister.

He further noted, “The financial anchor acts as an anchor of expectations. We are sure that we are not going to spend more than we collect. That is, the BCRA is not going to provide the exchequer with funds that can be spent fraudulently. Also, people are paying attention to the price. We don't see inflation as economists say because we know people aren't going to check it.

News in development