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If inflation falls, the provinces go back to fiscal deficit

The federal government’s fiscal imbalance contrasts with the provinces’ surpluses. This is so because the provinces used inflation to reduce the real value of expenses. If a drop in inflation is simulated, the provinces return to a deficit. For this reason, it is imperative to have a comprehensive reorganization of the three levels of the State. (more…)

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Dollarization does not remedy the chronic fiscal deficit

The growing concern for the acceleration of inflation increases adhesions to proposals aimed at recovering stability. Dollarization appears among the most attractive. However, the change of monetary regime is doomed to failure without an integral ordering of the State. (more…)

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More is spent on Leliq interest than on pensions

A third version of the dollar-soy was implemented. This will accelerate money printing, which the Central Bank will try to absorb by increasing the issuance of Leliqs. The Central Bank already spends more on Leliq interest than the social security agency in paying pensions. (more…)

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¿NACIÓN, PROVINCIA O MUNICIPALIDAD, ¿QUIÉN TIENE LA CULPA? 🫠
¿Sabías que en el 2021, la Nación gastó un 2,5% del PBI en funciones que les corresponden a las provincias y a las municipalidades, y que fue justamente el déficit primario del 2022?


If inflation falls, the provinces go back to fiscal deficit
If inflation falls, the provinces go back to fiscal deficit
Dollarization does not remedy the chronic fiscal deficit
More is spent on Leliq interest than on pensions
Anses independence will prevent new confiscations
Increasing welfare spending increases poverty
Poverty incrseses due to wrong consensuses
In education management is more important than budget
High labor inactivity reflects the lack of jobs
The solution is no the fiscal adjustment but the state’s reorganization
Provinces show that fiscal surplus is not enough

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