Miley bets on 1% inflation until October
The President’s Government Javier Miley It removed 42,000 government office and severely reduced investments and concessions to balance inflation and Argentine accounts. Now the goal is to reach 1% inflation per month Until the October legislative elections, something has not been seen since 2017.
According to the report of Argentina newspaper Claron, the state’s transformation and relaxation minister, Federico SturzengerThe cut leads to strategy. The so -called “Chainsa”, a symbol of Mili’s campaign, led to an estimated tax economy In December 2023, the term was $ 42 billion from the beginning.
Adjustment is affected – and affecting – different areas: OS Public investments 75% fell in 2024, the Energy concessions 53% reduced in the first quarter of 2025, and Passenger transport transfers Fell up to 44.5%.
At the same time, the Energy tariffsWithout concessions, they have grown – on average, up to 156.9% of more Buenos Aires and 269.4% in Patagonia.
Exchange in Argentina: understand changes and how is currency in the country
In activity, the cost of staff was reduced by 9.3% in terms of actual terms. Social programs such as food and work have been reduced by 25.3%, while transfers to government hospitals declined 51.9%.
Despite the rhetoric of hardness, the government 50 billion Argentina pesos to the Ministry of Human CapitalLed by Sandra Petvelo – seven times greater than the Ministry of Finance. In contrast, the Ministry of Health has received only 7.5 billion pesos per year.
Zero deficit, steady dollar and IMF guarantee
A. Casa Rosada Double bets: along with scaling, maintaining Dollar is under control In the election year. But the range of currency diversity is widespread – between 40% and 60% – according to Alril Ona, which signs the Claron Report, shows the risk of volatility and inflation pressure.
Miley has currency mattress US $ 20.6 billion, including $ 15 billion from IMF supporting the adjustment policy.
The total billion will strengthen the fund as part of a borrowing of 20 billion and strengthens the fund as Argentina’s main lender, which has crossed $ 253 billion in March.
In turn, the government is committed to the accumulation of $ 5 billion in the coming months. For sterzenegger, this plan “10 million Argentine has taken from poverty.”
