Renowned economists such as Daniel Artana, Miguel Kiguel, Hernán Lacunza, and Enrique Szewach gathered at the Annual FIEL Congress at the Buenos Aires Stock Exchange to discuss key aspects of the fiscal and economic policy of the National Government.
Daniel Artana emphasized that the decline in prices will persist, but it will not quickly reach the crawling peg level established by the Government. He estimated that prices will be above 2.2% due to relative factors and additional increases, such as that of fuels, which will impact inflation despite the reduction of the crawling peg.
Meanwhile, Miguel Kiguel stressed that evaluating the success of the plan will take time, although he indicated that the current account already shows an annualized deficit. He highlighted the importance of addressing these issues in a timely manner to mitigate potential risks.
Enrique Szewach agreed with his colleagues' view, warning that the current fiscal surplus is not enough to cover all debt maturities. He underscored the real increase in debt and the need to boost the Central Bank's reserves to ensure long-term financial stability.
Hernán Lacunza projected that next year's inflation could be around 50%, which would represent a significant reduction compared to the end of this year. He highlighted the importance of maintaining fiscal stability as a priority and stated that tax reduction would not be prudent in the current context.
The experts agreed on the need to continue strengthening fiscal policy as a fundamental pillar of the Government's economic plan. Despite the encouraging outlook, they also recognized outstanding challenges, such as defining a clear exchange rate regime and increasing reserves as key points to consolidate sustainable growth.
