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Montevideo, May 19th 2022 - 16:06 UTC
Argentina outperformed its primary fiscal deficit target for 2018, Economy Minister Nicolas Dujovne said on Friday, assuring that the country’s standby finance deal with the International Monetary Fund remains on track. Read full article
”Argentina's financial deficit, including debt repayment, reached 727.927 billion pesos (US$ 19.308 billion) in 2018, or 5.2% of GDP, compared to 6.0% of GDP in 2017, Dujovne said. It is expected to fall to 3% in 2019, he added.”
How awful! poor Reekie, how can he possibly survive a success for the much hated Macri government? - and which disaster may follow this shocking event?
Ah, Don Alberto...your nick sounds pretty much like that of an old man living in a sleepy, provincial dusty town. However, you appear to know little if anything about the plight of many Argentines today.
I would give you a friendly advice: try not to fall in love with stories that convey the official voice without giving a say to other parties.
FYI, the Argentine government has been mandated by the IMF to reduce its fiscal deficit and the government is trying hard to do just that; inflation is expected to be tamed by drying up the place of cash in circulation -- at the cost of deepening a recession already well installed.
What is the result of having the world's highest interest rates, about 60 per cent?
Well...how many business you think are able to withstand the double whammy of those ski-high rates when consumption plummets and Argentina's own economic phenomena -- stagflation--festers? Companies with brand names that existed when I was a kid are closing down as we speak and people cry when managers read the names of those let go.
Newsflash to you, DA: I do not suffer the impact that many of my country people suffer, however I do have relatives and friends who do. As a result, I would be happy to have been wrong when three years ago I predicted the current predicaments.
”Poor Reekie, how can he possibly survive a success for the...Macri government?
Pity Don Alberto.
which disaster may follow this shocking event
Recession, job losses, drastic loss of purchasing power due to inflation - the usual. Although follow is the wrong word, since Argentina has already been in recession for the best part of a year.
This is a big lie by Dujovne: This does NOT include the explosive 70% interest rate, weekly compounded LELIQ bond. This guy should be sent into the sun along with the rest of the corrupt political class in this country.
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