during Leaders meeting to HistorianPresident Javier Miley He again highlighted his administration’s achievements on economic matters and markedly diverged from the administration Mauricio MacriThis is done by ensuring that the former president did not make the necessary amendment during his term.
During his speech at the conclusion of the business leaders meeting that he organized HistorianMiley questioned the economic policy implemented between 2015 and 2019. “In 2017, the fiscal correction was not done, it was never corrected, it was just covered up by debt.”This was stated by the President.
As detailed, the previous administration acquired approximately $60 billion in net debt, While his government implemented a “15-point adjustment to GDP” and boosted national treasury reserves..
Economic balance and anti-inflation goals
The Head of State highlighted the macroeconomic results achieved so far: “We have a fiscal balance and there is hardly any current account deficit,” he noted to the business audience.
Milley reiterated that eliminating inflation is the central focus of his economic program. “We do not want to see more inflation in Argentina,” he stressed, while defending the floating exchange rate system implemented by the central bank.
He explained that the exchange band system represents an essential tool for avoiding excessive volatility and moving towards price stability, which his administration seeks to establish.
Questions for economists and the “red circle”
In a confrontational tone, the president targeted sectors of the political and economic establishment that opposed his program. “I must inform 47.5 million Argentines, not three or four tormentors from the Red Circle who lived off the impoverishment of Argentina.”he expressed harshly.
He also criticized economists: “Economists are part of the problem,” in line with his previous positions on what he sees as the failure of conventional policies.
At one point in his presentation, Miley stated that his survival in power would depend exclusively on his ability to solve the problems facing the country. “If I don’t solve the problems, it would be great if they don’t renew my contract.”He admitted as much when referring to the 2027 presidential election.
The President noted that Argentines elected him to address a series of pressing conflicts, and he argued that if he did not meet these expectations, he should not seek re-election.
Celebrating the election results and looking ahead
Miley celebrated the results obtained by the “La Libertad Avanza” party in the legislative elections that took place on October 26, interpreting them as evidence of political strength. “We have left the dangers of coca behind us,” he said. “If it had been a presidential election, the result would have been 41 to 24. This is called the first round.”
The president particularly highlighted the victory in the province of Buenos Aires, the most populous region in the country: “We won in the province of Buenos Aires and our candidate’s face was not even on the ballot. However, we defeated them.”
He also denounced what he considered irregular maneuvers during the elections: “Ghost lists have been used to scam people. “If I corrected this effect, the multiplication would be greater.”He emphasized that when questioning the voting system used in some jurisdictions.
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