The economist, Edward Jacobsanalyzed for Canal E the impact of the new exchange rate band system announced by the Minister of Economy Luis Caputo, the approval of the 2026 budget, the fiscal innocence law and the link with the International Monetary Fund.
When evaluating the marathon session in the House of Representatives, Eduardo Jacobs focused on the general balance: “The main issues that were discussed, essentially the budget, we know that we have not had a budget for three years.” It was approved and it was approved wellwith a good margin, with which, It is a very important advanceHe also highlighted the law of fiscal innocence, which he called “a Basic theme at this moment for Argentina,” in a country “with which he has worked.” 50% of the shadow economy“.
The Impact of Informality on Macroeconomic Issues
In this sense, he emphasized that this level of informality is central to understanding macroeconomic difficulties: “They are coping with the 50% you controlyou have to manage the outcome of 100% variables.” He also stressed that this creates a high level of uncertainty and that this is “the core of the problem”.
Regarding the IMF, Jacobs explained that the goals are being recalibrated in a complex context: “The goals, the period that is being analyzed is a period that.” was hit by a phenomenal political mess“. This caused “the economy practically stopped” between August and October. However, he assured that the panorama has changed after the elections: “What we see is that December is going very well. The economy is recovering very strongly“And he added, “I would tell you.” It’s a very good moment for the government.”
The analysis of the 2026 budget
When analyzing the 2026 budget, he put the specific forecasts into perspective and called for the general logic to be addressed: “The budget.” It’s an estimate What will you do for the future? Nevertheless, he emphasized that what matters is “what is.” logicwhere they go and what they are PrioritiesRegarding the forecast inflation of around 10%, he claimed that it will be a number, even if that number is not exactly reached very significantly lower“ than in previous years.
The interviewee was also optimistic about growth: “When it comes to growth, in my opinion it will come up shortIn this sense, he explained that the statistical decline could lead to greater expansion, which would have a positive impact on income and expenses.
One of the central axes was the change in exchange rate bands. In this sense, he explained that the decision aims to give the government more freedom of action: “The issue of gangs is important. because it gives the government more flexibilityHe noted: “Expand the bands, that is, that the upper limit increases with past inflationThis means: more freedom of choice and more calm in the market.
About The Author
