IMF report on Argentina calls for further expenditure control

Monday, August 28th 2023 - 11:29 UTC

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The latest International Monetary Fund (IMF) report on Argentina highlighted that the targets for reserve accumulation, fiscal deficit, and monetary financing of the deficit were missed “by wide margins.” As a result, imbalances have increased, so “further expenditure control will be needed throughout the election period.” The 1.9% GDP fiscal deficit target remained unchanged. Read full article

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Pugol-H
‘targets for reserve accumulation, fiscal deficit, and monetary financing of the deficit were missed “by wide margins.” As a result, imbalances have increased, so “further expenditure control will be needed’

Hummm, so it’s still getting worse and so is the cure.

5% pay cut for people who had a 10% pay increase at a time of 120% inflation???

Are there no rich people to tax and seize assets from?

I wonder what the annual budget is for the Argentinian Ministry for Colonisation of the S. Atlantic/Antarctic?
Aug 28th, 2023 - 01:51 pm - Link - Report abuse +2
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imoyaro
Graft and pilfering cost money. It's just part of the cost of government...
Aug 28th, 2023 - 06:12 pm - Link - Report abuse 0
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