Post by account_disabled on Mar 5, 2024 23:23:58 GMT -6
The discussion on the budget for the month of March or April does not help to clear up the unknowns that international creditors have, and that they must be convinced that, in the long run, Argentina has the will to pay. The creditors, before granting an extension or a write-off, will demand that Argentina provide proof that its plan is fiscally viable. The government wants to reactivate the economy through consumption. There will be increases for retirees and extra money for social plans. And the ticket printing machine is already working at full steam.
That is, the fiscal deficit will deepen. The alleged version that Argentina will fulfill its debt will only be possible through the multiplication of loaves and fishes. The payment schedule Iraq Telegram Number Data between now and the end of the year begins on December , when the new authorities have not yet warmed up their seats. That day Treasury bills (Letes) worth million dollars and , million pesos (about million dollars) mature. But before the end of the year, on December , it has to face other obligations for million dollars. These payments appear to be affordable with the reserves remaining in the Central Bank , the exact amount of which is unknown.
But what Argentina should pay in is unaffordable: it is billion dollars, of the GDP. Therefore, there is a danger that Argentina will once again fail in its obligations, as has already happened on eight other occasions throughout its history. The first time was in , when he was barely years old; the last, in , when the government of Cristina Fernández de Kirchner entered into a dispute with the so-called “vulture funds.” The governments of Néstor and Cristina Kirchner (-) included in their story the myth of debt relief and tried to install the idea that Macri had received a country without debt, and that it became a serial debtor.
That is, the fiscal deficit will deepen. The alleged version that Argentina will fulfill its debt will only be possible through the multiplication of loaves and fishes. The payment schedule Iraq Telegram Number Data between now and the end of the year begins on December , when the new authorities have not yet warmed up their seats. That day Treasury bills (Letes) worth million dollars and , million pesos (about million dollars) mature. But before the end of the year, on December , it has to face other obligations for million dollars. These payments appear to be affordable with the reserves remaining in the Central Bank , the exact amount of which is unknown.
But what Argentina should pay in is unaffordable: it is billion dollars, of the GDP. Therefore, there is a danger that Argentina will once again fail in its obligations, as has already happened on eight other occasions throughout its history. The first time was in , when he was barely years old; the last, in , when the government of Cristina Fernández de Kirchner entered into a dispute with the so-called “vulture funds.” The governments of Néstor and Cristina Kirchner (-) included in their story the myth of debt relief and tried to install the idea that Macri had received a country without debt, and that it became a serial debtor.