Argentine Economy Minister Guarantees No Changes After Elections

Argentine Economy Minister Luis Caputo affirmed that the economic program will remain unchanged after the elections. He guaranteed the continuity of the exchange rate bands and the fiscal balance objective. Caputo also emphasized the need to pass labor and tax reforms to boost the country's development and generate more jobs and better wages.


Argentine Economy Minister Guarantees No Changes After Elections

Minister of Economics of Argentina Luis Caputo confirmed that the economic policy remains unchanged from the results of previous elections.

On the question, whether he would change the situation in the economy, the minister said: "No, I have no intention of changing the economic policy." He emphasized that the current policy and the goals in the area of public budget are still in balance. "Nothing will change, neither the corridors, nor our goal — fiscal stability," — Caputo said.

The minister also said that the course dollar and the system of value-added currencies remain "as-is for now", as well as with the established granits. At the same time he pointed to the structural reforms, both labor and legal. "The most important thing is to follow the legislation by these moments, so that this creates more working places, increases salaries and allows people," — Caputo said.

To ensure the possibilities for reform, the minister proposed to introduce a more loose parliamentary parameter, but with the established government. He added: "And the important thing is to do something to this moment, so that this creates more working places, increases salaries and allows people," — Caputo said.

On the question of the volatility of rinks Caputo commented the following position: "All need to follow rinks, therefore I cannot guarantee that the volatility will disappear, fullness is missing". He also commented to change the names in the principle, to rely on the decision of the president.

Finally, Caputo proposed in the region Palermo and pointed out the stability and precedence of the course of the government. In fact, he said: "The program of economics is not changed neither by any obstacles, and this is not my," — Caputo said.