The budget economy will approve a fiscal deficit of 1.9% for 2023

Maintaining the disability goal was a policy decision that was discussed before massa With the political wing of the ruling coalition, including that direct conversation with Cristina Fernandez de Kirchner in the Senate before taking charge of the Palacio de Hacienda. In return, Massa promised to discuss general guidelines for revenue and expenditures to achieve this deficit target, including developing various sections to increase revenue that are already under discussion within and outside the executive branch. Among them, accelerating the nationwide revaluation of real estate, a financial maneuver that must close before December 31 this year, so that new money from the greater tax pressure enters public coffers in the corresponding liquidation of personal assets. 2022. For this, some governments will have to speed up the implementation of the re-evaluation, which is not very popular.

The deficit will be accompanied by other key data within the 2023 budget: an overall growth of 3%, an accumulation of reserves of $4,000 million, and a cash issue of no more than 0.6%. In short, all that was signed in the Guzmán negotiations that closed on March 25.

Rigaud collected numbers and pedigrees in his final days as an important official in the ex-minister’s team, days before his resignation by Silvina Patakis. Finally, back with Massa, he dusted off those accounts from June and, together with Rubinstein, offered another ride to design the 2023 budget.

Rigo and Rubinstein knew something: the International Monetary Fund clear with Guzman and with patakis, That a renegotiation of the goals and objectives set out in the current agreement would not be accepted, and that what the Treasury Palace, in any case, would have to consider is how to coordinate and articulate the rest of the macroeconomic variables for the coming year. , with the north of the targets already set in the expanded facilities. In the end, and only at the beginning of next year, if Argentina shows a lot of goodwill in achieving the goals, but for some reason (such as the Russian invasion of Ukraine) some of them are not fully met, a concession (amnesty or leakage) can be negotiated. This will be in the first quarter of 2023. Not sooner.

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All of this would be a nod to the Guzmán administration, which not only closed accounts in line with what the IMF would require of the country but also negotiated a shift in final assessments on achieving start 2023 targets rather than binding quarterly audits. When he finished his negotiations on the first mission, the then Minister of Economy sought to extend the second mission until September (as far as possible), so that the third could be completed by the end of the year. However, there was a different view from Washington.

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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