The government’s goal in its dealings with the International Monetary Fund is “to know how to negotiate with the fund to obtain the greatest benefits.”
President Alberto Fernandez indicated, on Sunday, that in economic matters, “there is no contradiction” with the vision that Christina Kirchner possesses on these issues, especially regarding the ongoing negotiations with the International Monetary Fund to reschedule upcoming appointments with that body, and indicated that the debt we inherit As it is, it cannot be repaid. “
“There is no contradiction, it is a contradiction that they always want to impose on us, because there is a very clear desire to divide us and make us appear in opposite situations, which is not the case.”This morning, the Head of State stressed, in statements to Radio Del Plata, in the program “My Spiritualism in La Luna” led by the journalist Horacio Verbitzky.
“They are ways of saying things, and ways of saying things, but that’s basically the exact same thing.”Fernandez referred to the definitions provided by the Vice President and President of the Senate during a visit to Las Flores, Buenos Aires, on March 24th.
On that occasion, Cristina Kirchner emphasized that Argentina is not in a position to pay off its debt maturities with the International Monetary Fund: “We cannot pay the debt because we don’t have the money,” he said.
Regarding these quotes, the President noted that “a few days ago, before Cristina spoke (in Las Flores), at work we did in Almirante Brown, I told people that this year we had to pay $ 3.5 billion to the fund and that next year we had to We give him 18 billion dollars, and next year (2023) we had to pay him 19 billion dollars. “
“The only thing that explains such numbers is the extent to which our situation with the fund has been delayed for us.”He pointed out that “Christina is right, what is our chance of paying 18 billion dollars next year? Nothing. It is really difficult for us to think of paying 3500 million dollars this year,” he said.
“In fact, what we are saying is that the debt we inherit, as it is, cannot be repaid.”“
Then he emphasized, “In fact, what we are saying is that the debt we inherit as it is is not payable.”
For this reason, Fernandez added that the government’s goal in its negotiations with the IMF is “to find out how to negotiate with the fund to obtain the greatest benefits, and in this regard, Martín (for Guzmn) is working hard and in my opinion he is doing well.”
The President said that the International Monetary Fund, during the recent visit of the Minister of Economy to the United States, “recognized something that seemed out of the question” for the organization by affirming that “inflation recognizes many of the reasons that determine it.”
The president stressed, “This was something unimaginable, because for the fund it is always the effect of inflation and fiscal deficits,” and then highlighted: “For the first time, the International Monetary Fund has said that (inflation and deficits) are two reasons, but there are many other reasons that determine inflation.”
“This is something we’ve been collecting for a long time, when they tell us ‘stop issuing’ or ‘reduce the deficit, because that generates inflation’, and we say, ‘Look, Argentine inflation isn’t determined by that’: it’s been set for a multitude of reasons, ranging from that to That, if you will, to many speculation. “Aggregates Fernandez.
“In fact, what we are saying is that the debt we inherited, as it is, cannot be repaid.”
In addition, when asked about the debate about avoiding fiscal deficits or expanding public spending, he replied: “The Kirchnerian that I learned, which is the Kirchnerian with Nestor, was Kirchnera provoked by the fiscal deficit, which I thought was that the fiscal deficit was definitely harmful, which is logical, Because spending what you don’t have, by any assumption, is harmful. “
Although he later added: “I say that but I also say that We are in a world where fiscal deficit is the rule and surplus is the exception, because the epidemic has left everyone in a state of deficit. “
Then he explained: “We continue to expand the economy, as well as emission, public work multiplied by two, education in terms of infrastructure, and educational infrastructure, multiplied by seven, and we do not say that we are in a time of restrictions. Of spending to ensure financial balance or fiscal surplus.”
“What we think was that we had a large fiscal deficit and that we should reduce it in order to approach the fiscal balance as quickly as possible, but Argentina does not have a declining economy in this sense, it is by no means the case: investment in public works has doubled, and AYSA has doubled its budget seven times. To implement public works for water and wastewater treatment, and this is not an expansionary economy. ”
