MercoPress, en Español

Montevideo, October 1st 2022 - 21:20 UTC

 

 

Lawmakers accuse Cristina Fernandez before a federal court of falsifying stats

Tuesday, May 28th 2013 - 06:38 UTC
Full article 56 comments
The president and her faithful Moreno who makes sure inflation is ‘tamed’ (Pic file) The president and her faithful Moreno who makes sure inflation is ‘tamed’ (Pic file)
Lawmakers Gil Lavedra, Donda and Prat Lawmakers Gil Lavedra, Donda and Prat

Several Argentine lawmakers from opposition parties accused President Cristina Fernandez and Domestic Trade minister Guillermo Moreno of allegedly ‘falsifying” the figures published by the government’s official stats office Indec.

In a press conference Alfonso Prat-Gay, Ricardo Gil Saavedra, Victoria Donda and Humberto Tumini said that the report includes the crimes of ‘illicit association; misappropriation of public monies; defrauding the government and a crime against the economic and financial order for systematically falsifying Indec stats”.

“It’s impossible to lie with stats unless there is a specific illicit association of government staff behind, among which is Moreno and Cristina Fernandez” said Prat-Gay.

Falsifying government stats on growth by overestimating the GDP has forced Argentina to make higher payments on the GDP linked bonds issued in 2005 and 2010.

“There is over a billion dollars in debt that should have never been paid”, underlined Prat-Gay who is also an economist and a former president of the Argentine central bank..

Indec has doubled the staff it had in 2006, when the institute was first intervened and that costs the Argentine taxpayer an additional 400 million Pesos annually (approx 50 million dollars).

The report was presented before Federal Judge Julio Ercolini and also includes the current Indec top officials Ana Maria Edwin and Norberto Itzocovivh.

Indec’s stats have been questioned not only domestically, where they are not considered serious, but also overseas with the IMF leading the crusade and warning about the membership consequences for Argentina of continuing to publish questionable percentages on GDP and inflation.

The most evident differences are with inflation, because according to Indec, it stands at just over 10% in the last twelve months while private consultants argue it is above 25%, which is confirmed by the stats offices of non-Kirchnerite provinces and even from those trade unions that although aligned with the government are demanding annual adjustments of over 25% and besides keep their own track of ‘prices’ and their impact on ‘workers’ pockets’.
 

Top Comments

Disclaimer & comment rules
  • Anglotino

    Other than INDEC is there another organisation that believes in these inflation figures and uses them for business or future planning?

    Just one please!

    May 28th, 2013 - 10:33 am 0
  • manchesterlad

    There is over a billion dollars in debt that should have never been paid”, underlined Prat-Gay who is also an economist and a former president of the Argentine central bank..

    I don't understand the logic, surely if they are underestimating the inflation rate they are saving millions of dollars in interest payments on the inflation linked bonds that they have to repay???

    May 28th, 2013 - 10:37 am 0
  • Biguggy

    @2

    Given the RG logic and normal modus operandi it is unlikely that they will ever repay the bonds to their full amount never mind any interest. So therefore there is no problem, for them that is.

    May 28th, 2013 - 11:04 am 0
Read all comments

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!