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…)
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…)
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…)
¿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?
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