The Minister of Economy, Luis Caputo, went out today to reassure the markets and reaffirm the economic direction of Javier Milei's government amid the scandal triggered by the cryptogate. The official emphasized the importance of staying focused on the solid economic fundamentals that have not changed, considering the situational events as an opportunity.
In a message on social media, Caputo shared a graph from Goldman Sachs showing the "significant fiscal consolidation since President Javier Milei took office," supporting the continuity of the government's economic direction. "Spoiler: this government will never change course," assured the Minister of Economy.
After the losses on Monday, the local market opened higher, with a rebound in the S&P Merval projecting a more positive session. Caputo highlighted the government's economic achievements in January, mentioning a primary surplus of 2,434,865 million and a financial surplus of almost 600,000 million, underscoring the importance of the fiscal surplus in financial terms.
In January, the National Public Sector (NPS) achieved a positive financial result of $599,753 million, derived from a favorable primary result and net public debt interest payments from the intra-public sector. Caputo emphasized that these fiscal achievements were made without raising taxes or tariffs, demonstrating the strength of the economic policy.
For his part, President Javier Milei reaffirmed the consistency in the economic path outlined, quoting Caputo in a social media message: "OUR ANCHOR IS NOT TOUCHED." The firm stance of government authorities seeks to maintain stability and confidence in financial markets amid recent turmoil.
