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Argentina targets 25% inflation and fiscal deficit of 4.8% of GDP this year

Thursday, January 14th 2016 - 06:42 UTC
Full article 14 comments

Argentina Finance Minister Alfonso Prat Gay revealed on Wednesday that the fiscal deficit registered in 2015 was of 5.8% of GDP and 7.1% of GDP is all debts are computed, and complained that “there has been wasteful spending and when there is an expense it’s not well done.” Read full article


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  • Klingon

    He has un uphill battle, but is the right man for the job.
    A lot of damage to repair for the K era.

    Jan 14th, 2016 - 01:02 pm - Link - Report abuse 0
  • ChrisR

    At last, the TRUTH!

    Good luck to this man, it will be a struggle with TMBOA yet to 'strike back for the poor' at every opportunity she gets.

    Modest ambitions are always the best when nobody knows just how bad the existing situation really is.

    Jan 14th, 2016 - 01:35 pm - Link - Report abuse 0
  • yankeeboy

    Can you imagine just how terrible the economy is when 25% inflation and a 4-5% of GDP deficit is considered progress?

    Good luck.

    Jan 14th, 2016 - 01:40 pm - Link - Report abuse 0
  • Enrique Massot

    The Macri government illustrates the unbridled greed and lack of vision of the dominant classes in Argentina.
    They never wanted to hear about fairer distribution of national income--indeed, each time they got rid of a Peronist government, their vengeance was to restore the “good old order” as soon as possible.
    None of the measures taken by this government is original; all have been implemented in the past and have contracted the economy, promoted speculation instead of productivity, increased consumer prices, and increased poverty.
    After promising to use dialogue, Macri vows to apply most of his significant measures by decree, well before the Congress reconvenes in March.
    He had the possibility of a more gradual approach, but the Argentine oligarchy never want to negotiate anything with a populace they despise.
    Which in the end will haste Macri's demise when the rapacity of the financial institutions and other players put the country again on its knees.

    Jan 14th, 2016 - 07:58 pm - Link - Report abuse 0
  • Klingon

    He's baaaack!!!
    The choripan munching Canadian who would sell a cats asshole to a blind man for a wedding ring.

    Jan 14th, 2016 - 09:29 pm - Link - Report abuse 0
  • yankeeboy

    Reekie still wants Argentina to be like Venezuela.
    Where they're reporting FAMINE

    It makes me sad when old people are stupid.

    Jan 14th, 2016 - 11:20 pm - Link - Report abuse 0
  • Don Alberto

    Who is baaaack?
    Reekie Massot?

    No he is still in his padded cell.

    Jan 15th, 2016 - 01:13 am - Link - Report abuse 0
  • Enrique Massot

    Macri's talk since becoming president continues to be so shamefully shallow, I'm convinced that he, like Dubya, is just a facade for the real powers in Argentina, represented by people such Clarin's Hector Magnetto and Luis Miguel Etchevehere, president of the Sociedad Rural.
    The current conservative wave in Argentina will be showing what it can do against the backdrop of the Kirchner governments, and comparisons will be inevitable. (Not in the way Klingon and YB expect of course).

    Jan 15th, 2016 - 01:33 am - Link - Report abuse 0
  • yankeeboy

    Reekie, You are clearly the black sheep of your family. Is it your cousin that is up for crimes against humanity? Your family got you to the safety of Canada because you would have been killed for being a Marxist Terrorist in the 70s.
    I bet your family is still paying your way in Canada.
    No way could your idiotic failed blog let you live in Alberta well.
    Or is the Canadian gov't still paying?
    Maybe both.
    Its amazing you still don't see the errors of your ways.

    you are sickening.

    Jan 15th, 2016 - 08:07 am - Link - Report abuse 0
  • Conqueror

    Reekie. Macri has turned out to be a wanker. But then all argies are wankers. Including you!

    Jan 15th, 2016 - 05:05 pm - Link - Report abuse 0
  • Enrique Massot

    #9 YB
    Your lack of argument and corresponding overabundance of insult are clear demonstration of your qualities.

    #10 Conqueror
    Enrique: Mom! Conqueror called me a wanker! Is that bad?
    Mom: It used to be bad but now we know it's normal--even beneficial.
    Enrique: Thanks Mom.

    Jan 15th, 2016 - 08:38 pm - Link - Report abuse 0
  • yankeeboy

    11. Do you dream of Falcons?
    I hope so.

    Jan 15th, 2016 - 08:53 pm - Link - Report abuse 0
  • Marti Llazo

    Speaking of fiscal deficits, we see that Argentina is revealing its new 50, 100, 200, 500, 666, and 1000 peso bills.

    We recall that one of the images on the earlier peso bills was actually the intellectual property of a private party, which the Peronist bill-designers stole and used without permission or compensation. (I am only just now seeing a pervasive common thread in the way Argentina deals with money items).

    There is not too much in the way of art on the new bills depicting Argentina's colonisation and theft (or attempted theft) of lands belonging to others, which is something of a nice change.

    The new 50 peso bill will feature a condor, known for its consumption of putrid flesh, though this bird is also attracted by the fetid stench emanating from meetings of La Cámpora.

    The new 500 peso bill will feature a jaguar, which has been nearly hunted to extinction by an obscure Kirchnerist sports team that normally targets judges, prosecutors, and buildings belonging to the Argentine Israelite Mutual Association .

    But all eyes are on the coming 1000 peso bill. The artwork features a representation of the hornero, Argentina's second-place national bird (the first being the crowing barnyard rooster atop a pile of steaming bosta). The hornero is sometimes nicknamed the campo-robber or wanker-bird. Financial experts explained that there is a critical need for a 1000-peso bill, which will be available around May and will by then have a US dollar value of approximately seventeen cents.

    Jan 15th, 2016 - 10:56 pm - Link - Report abuse 0
  • yankeeboy

    I said awhile ago they'll start tacking on Zeros on the notes and hope nobody notices.

    Jan 16th, 2016 - 01:40 pm - Link - Report abuse 0

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