Argentina
The Government reaffirmed it will not implement consumer stimulus measures and defended its economic course
Presidential spokesperson Adrián Ravier said at Casa Rosada that there will be no “cash handout plan” during Javier Milei’s administration. He also highlighted lower inflation, deregulation and other official measures.
Presidential spokesperson Adrián Ravier said on Tuesday that the Government will not promote a “cash handout plan” during Javier Milei’s administration and stated that this type of policy “failed and will always fail,” according to C5N.
At a press conference at Casa Rosada, Ravier said the national administration is committed to “fiscal, monetary and exchange-rate balance” and stressed that it will not return to a scheme of that kind. Asked about a proposal attributed to United States President Donald Trump, he said the Argentine Government does not comment on other countries’ policies, but reiterated that a similar measure will not be applied in Argentina, according to C5N.
During his weekly presentation, the official also highlighted the slowdown in inflation. He said the index posted a 1.7% change in August and attributed that figure to “macroeconomic order.” He also said more than 17,100 deregulations have already been implemented, with an impact across different sectors of the economy, according to C5N.
Ravier added that clothing and footwear prices have accumulated a 45% decline in real terms since November 2023 and linked that behavior to the economic opening promoted by the Government, C5N reported.
The spokesperson also praised the start of private management of the main navigable waterway, which includes a 13.5% reduction in toll rates and modernization work. He explained that technical and environmental studies will be carried out in the first months to move forward with the deepening of the Río de la Plata and Paraná rivers.
Finally, he announced that the Government will expand a judicial complaint filed last week to add new companies that, he said, would be carrying out hydrocarbon exploration and production activities in the Malvinas Islands in alleged violation of Law 26.659.
Sources
About this note. Written by El Notero with the assistance of artificial intelligence, based on what was published by the cited outlet. El Notero did not conduct its own reporting on this event.
