Post by account_disabled on Feb 28, 2024 0:10:24 GMT -5
The Minister of Economy, Luis Caputo, anticipated that the national public sector had a fiscal balance in January, without the need to approve the fiscal package that he withdrew a week ago. However, depending on the season, the first month of the year is in deficit or even in surplus. Caputo mentioned that a 0.2% smaller deficit was achieved, divided equally between the primary deficit - the difference between expenses and income - and the financial deficit, which includes interest payments. In this sense, the director of the Center for Argentine Political Economy (CEPA), Hernán Letcher, commented to Ámbito "Because it normally has low execution and therefore generally does not have much impact." Thus, he indicated that the first month of the year does not usually have a “significant deficit” because basically what is paid are salaries and pensions. . analytica-expenses-jan.png In that sense, Fernando Morra, economist at Suramericana Visión, agreed that “the fiscal result for January “is not usually representative of the fiscal performance of the year.” «And in 6 of the last 10 years a primary surplus was recorded. in that month, which would then become a deficit for the rest of the year,” he explained in his social account X.
Morra said that “it is valuable” that a good result has been achieved “but it is not very informative about the annual performance.” “It is important that the Ministry of Economy clarifies the fiscal program for the year, considering the macro scenario and the impact of legislative changes,” he said. deficit-january-historical.png Another element Kuwait Mobile Number List to take into account is that the government is working with the expanded budget for 2023 . It still has the old games. According to data from the Argentine Association of Budget and Public Financial Administration (ASAP), credits for $37.1 billion are authorized in 2024, almost the same as last year. What was the January expense? According to data from the consulting firm Analytica, in January accumulated primary expenses totaled $2.8 trillion, 36% less than in 2023 . Of them, $1.5 trillion corresponded to retirements and PAMI and personnel expenses amounted to $500,000 million. Mariano Flores Vidal, former general manager of the Central Bank and consultant, stated that part of Caputo's reasoning, in relation to the fact that the fall of the Omnibus Law does not impact the accounts, is true.
The diagnosis is correct. . Yesterday was within expectations. Regarding the short macro and the balances, nothing happened yesterday,” he explained. Flores Vidal that the government plan is not committed. The economist specified that the most complicated thing for the program “ Happened last week when the minister decided to release the fiscal package. ”. Thus, he points out that what remains " is a liquefaction adjustment of spending." . “They are working with an inflation of 200% annually and with items from the 2023 budget. Which also has short legs. Whenever the expense is liquefied, it lasts a few months and comes back again,” he explained. In this regard, Flores Vidal said that “ it would not be a problem ” for the functioning of the economy if the government this year could not eliminate the total deficit, explaining that with “ a smaller primary surplus ” it could work perfectly.Pages like these have helped drive massive sitewide traffic for publishers, including recognition from major news outlets. This is just one example of how brands can successfully meet consumer needs to build more meaningful connections and establish broader brand visibility.
Morra said that “it is valuable” that a good result has been achieved “but it is not very informative about the annual performance.” “It is important that the Ministry of Economy clarifies the fiscal program for the year, considering the macro scenario and the impact of legislative changes,” he said. deficit-january-historical.png Another element Kuwait Mobile Number List to take into account is that the government is working with the expanded budget for 2023 . It still has the old games. According to data from the Argentine Association of Budget and Public Financial Administration (ASAP), credits for $37.1 billion are authorized in 2024, almost the same as last year. What was the January expense? According to data from the consulting firm Analytica, in January accumulated primary expenses totaled $2.8 trillion, 36% less than in 2023 . Of them, $1.5 trillion corresponded to retirements and PAMI and personnel expenses amounted to $500,000 million. Mariano Flores Vidal, former general manager of the Central Bank and consultant, stated that part of Caputo's reasoning, in relation to the fact that the fall of the Omnibus Law does not impact the accounts, is true.
The diagnosis is correct. . Yesterday was within expectations. Regarding the short macro and the balances, nothing happened yesterday,” he explained. Flores Vidal that the government plan is not committed. The economist specified that the most complicated thing for the program “ Happened last week when the minister decided to release the fiscal package. ”. Thus, he points out that what remains " is a liquefaction adjustment of spending." . “They are working with an inflation of 200% annually and with items from the 2023 budget. Which also has short legs. Whenever the expense is liquefied, it lasts a few months and comes back again,” he explained. In this regard, Flores Vidal said that “ it would not be a problem ” for the functioning of the economy if the government this year could not eliminate the total deficit, explaining that with “ a smaller primary surplus ” it could work perfectly.Pages like these have helped drive massive sitewide traffic for publishers, including recognition from major news outlets. This is just one example of how brands can successfully meet consumer needs to build more meaningful connections and establish broader brand visibility.