Argentina increases inflation targets for 2018/19, closer to private estimates

Friday, December 29th 2017 - 09:32 UTC

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Argentina changed its inflation target for 2018 to 15%, up from the central bank’s previous goal of 8-12%, Treasury Minister Nicolas Dujovne said on Thursday, raising expectations for interest rate cuts. The government will postpone by one year its goal of lowering inflation to 5%, pushing it back to 2020, Dujovne said. Read full article

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Enrique Massot
According to a non-Kirchnerist writer, president Macri's Argentina can be defined with five red numbers:
First, primary fiscal deficit amounting to 4.3 per cent of the GDP.
Second, external debt interest deficit amounting to 2.3 per cent of the GDP.
Third, provincial deficit of 1 per cent of the GDP.
Fourth, quasi fiscal deficit for interest of LEBACS: 1.7 per cent of GDP, calculated as the difference of initial and final stock dollar value.

These four components make up a consolidated deficit of 9.3 per cent of the GDP, representing some $46 billion dollars, which goes further than any deficit registered during Kirchnerist governments.

https://www.cronista.com/columnistas/La-negacion-de-Mauricio-Macri-deficit-fiscal-en-10-puntos-del-PBI-20171113-0063.html
Dec 29th, 2017 - 08:08 pm - Link - Report abuse 0
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