Milei Introduces a Law that Would Allow the Administration to Close if There Is a Fiscal Deficit
8 Articles
8 Articles
Package includes automatic shutdown if the deficit persists, ban on monetary issuance to the state and liberalisation of the capital market. IMF supports reforms.
Buenos Aires, 30 Jul (EFE).- The president of Argentina, the ultraliberal Javier Milei, announced this Thursday the sending to Parliament of a project to modify the law on the functioning of the Central Bank and to create a mechanism of ‘shutdown’ or temporary closure of the public administration if there is a fiscal deficit.«The zero deficit will move us away from the poisonous fruit of the forbidden tree that is the monetary issue. The reform …
The President gave details of the tool that seeks to prevent Congress from approving deficit budgets and hold legislators accountable for the imbalance of public accounts
The President of Argentina, Javier Milei, announced this Thursday a package of reforms focused on the Central Bank and fiscal discipline, which propose an automatic closure mechanism for the Public Administration in the event of a prolonged deficit.
The Argentine president wants to engrave in the marble the ban on financing the state with the currency. He also threatens to paralyze the administration if the... The article Milei wants to cut the food to the state and sanctuarize the currency appeared first on Le Singulier.
Twelve trillion eight hundred and nineteen thousand five hundred thirty-two trillion seven hundred and eighty-eight thousand six hundred and fourteen million four hundred thousand percent, or 12,819,532,788,614,400.000%. That is, according to President Javier Milei, the inflation that occurred in Argentina since the creation of the Central Bank of the Argentine Republic (BCRA) almost a century ago. And if the analysis is limited only to the two …
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