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REDUCTION OF PUBLIC EXPENDING BARELY COMPENSATES RISE OF INTERESTS

The economic authorities assess that the run against the dollar is unjustified since the primary deficit is falling. However, the savings obtained just equals the increase in interest generated by a growing public debt. This shows that gradualism adopted is inconsistent. (más…)

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THE SOCIAL COSTS OF GRADUALISM BECAME EXPLICIT

The abrupt rise of the dollar and the high interest rate are the consequence of a excessively gradual ordering of public accounts. Fulfilling the Fiscal Consensus and adopting fairer social security rules could reduce the fiscal deficit faster, avoiding high social and productive costs. (más…)

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THE PROBLEM IS NOT THE DOLLAR, IT IS THE INFLATION

The rise of the dollar generates concern. However, as the experience of neighboring countries shows, it is natural and necessary for the dollar to rise when there is high inflation. The Central Bank will not be able to keep it tranquil, if the rest of the public sector does not lower public spending faster. (más…)

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PRICE OF GAS HAS DOUBLED INFLATION

The updating of utility prices is as unpleasant as necessary. The alternative of printing money to pay for subsidies is socially more costly because it fuels inflation. One way to mitigate the negative impacts of the price correction is by lowering the spurious tax burden that makes the utilities more expensive.   (más…)

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TAX REFORM BENEFITS MORE TO CABA THAN TO THE INTERIOR OF THE COUNTRY

The tax reform introduced the very good idea of setting a non-taxable minimum on social taxes, but eliminated the reduction that benefited the most underdeveloped regions. To be consistent with the goal of promoting more equitable progress geographically, it is essential to re-establish this mechanism. (más…)

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URUGUAY HAS ALMOST TRIPLED ARGENTINA’S GROWTH

Argentina’s decline is not only manifested by comparing its performance with more developed countries. More closely, Uruguay and Chile show that with a little more seriousness, rationality and common sense in the design and implementation of public policies better results can be achieved. (más…)

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TO CONTINUE THE FALLING OF POVERTY, IT IS NECESSARY TO REDUCE INFLATION

INDEC reported that poverty is going down. To accelerate this process and make it sustainable inflation levels must keep on descending. Therefore, the priority should be to reduce public spending by eliminating national programs that overlap with local roles and not keep delaying the pension reform. (más…)

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INCREASING RESOURCES DID NOT IMPROVE LEARNINGS

Educational tests show that the learning deficits still persist. This occurs despite the enormous effort deployed in increasing educational budgets, mainly by hiring more teachers and improving their salaries. The evidence shows that the priority in education should stop being the allocation of more resources and must evolve to schools management innovation. (más…)

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PENSION EXPENDITURE GROWS 4 TIMES MORE THAN THE REST

The persistence of high inflation is caused by the delay in ordering the public finances. The most destabilizing factor is the growth of pension spending. Although the new pension adjustment rule contributes to a moderation in the expenditure increase, a more comprehensive pension reform is still needed to reduce inflation. (más…)

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ABORTION RATES DECREASE ONCE IT IS LEGALIZED

The proposal to discuss the rules that regulate abortions has generated a heated debate. In addition to religious arguments, it is very pertinent to consider the scientific evidence that reveals that the legalization of abortion does not generate more irresponsible sexual practices, but fewer abortions. (más…)

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