Por Miguel A. Kiguel
Todos sabemos cómo funciona el cepo, y hemos aprendido a vivir con tasas de interés reales negativas, a usar el dólar Contado con Liqui para eludir los controles...
The pending utility rates adjustments and their impact on inflation and subsidies
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The pending utility rates adjustments and their impact on inflation and subsidies
Fourth week
June 2017
The government has made meeting the targets of fiscal deficit reduction one of its priorities. The market is accepting a gradual adjustment today, but it will monitor the compliance of the targets minute by minute. Gradualism yes, inaction no!
The fiscal targets establish a primary deficit that will reduce by one point of GDP each year (4.2% of GDP in 2017, 3.2% in 2018, and 2.2% in 2019). This effort needs to be made despite expenditure is expected to increase in some sectors, mainly in retirements due to the historical reparation program and the current indexation mechanism for pensions that implied a slight real increase in them when inflation decreases.
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