The Minister of Economy, Luis Caputo, went out to provide reassurance amid the collapse of financial markets worldwide. With widespread declines in the major stock markets of Asia and Europe, the Argentine government seeks to restore investor confidence by reaffirming its commitment to the measures that have been effective so far in controlling inflation and balancing the local macroeconomy.
In a message disseminated through social networks, Caputo mentioned the importance of being prepared for possible external shocks, such as the one currently being experienced globally. He emphasized the government's firmness in maintaining the fiscal and monetary discipline that has been carried out since the beginning of his administration, assuring that there will be no deviations in that regard.
The minister committed to continuing with the reduction of public spending to achieve a broader fiscal surplus and to further decreasing taxes, as part of the measures to counteract the effects of the crisis in international financial markets. The collapse of global stock markets originated as a reaction to U.S. President Donald Trump's plans to increase tariffs, which could have significant negative consequences for international trade.
In this context of uncertainty, Caputo insisted on the importance of maintaining stability and consistency in the Argentine government's economic policies to tackle the challenges posed by the global situation in financial markets.
