Milei: My plan will be a shock, but Argentina will go – Last hour
The newly elected president of Argentina, Javier Milei, said in an interview that his government will carry out a “strong fiscal adjustment towards the direct elimination of the financial deficit”. We will become “solvent – he said – and we will repay the debt” of 45 billion dollars plus interest with the International Monetary Fund (IMF).
In an interview with Infobae columnist Manuel Adorni, published on YouTube, Milei said: “It will be a shock, there will be no gradualness.”
“Argentine government bonds and stocks have risen. This means that there is confidence in what we want to do. We are giving clear signals of stability and political strength, which was one of the things that was suspected, and we are able to agree in Congress how those laws would progress”, underlined the ultra-liberal president.
As for the risk that current inflation could lead to hyperinflation, Milei noted: “The risk is there. We will do everything to avoid it.”
The new head of state then agreed with the recent statement of former president Mauricio Macri. “A very difficult six months are coming”, but they will be “Argentina’s rise”.
“It’s not a question of reducing what is considered public spending – he added – but the things that politics steals.”
This is a big trick. The Inter-American Development Bank published a study on the inefficiency of public spending.
Argentina has an inefficiency of 7.5 points and a financial deficit of 5″.
When asked about possible even violent protests in the streets in reaction to his plan, Milei replied: “I will not allow myself to be blackmailed. Otherwise we will not solve anything.”
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