Photo: Gustavo Amarelle. Telam

The Macri administration began a new era today. Emboldened by the extremely favorable results got at yesterday’s midterm elections, President Macri didn’t waste time celebrating – without taking into account his usual awkward dancing at the end of every victorious election – and held a press conference at Casa Rosada this morning to announce his intention to implement a myriad of political and economic reforms.

“As fast as we can, but with as much [economic] gradualism as we can,” summarized Macri when describing his plan. “Argentina doesn’t have to fear reforms, because they represent the possibility to grow,” he added. To do so, Macri anticipated that he will call all main political players – governors, lawmakers, district mayors, union leaders and judicial officials – to discuss the initiatives and try to reach consensus and consequentially implement them.

“Yesterday I said that [the possibility to] dialogue won in these elections, a dialogue that has to grow in all sectors and all regions. We have to generate the tools that convince all Argentines that they’re going to do well. We come from years where those who lied took advantage of the others,” he added.

These are his most important statements regarding the main intended reforms:

Regarding the intention lower both inflation and the state’s fiscal deficit.

“while Argentine has the fiscal deficit it has, we will have to keep issuing debt, because we have a commitment to reducing poverty. The first thing we have to do is lower inflation, because those who have less are the ones affected the most by it. Therefore, if you’re not going to finance the deficit with inflation, you’ve got to do it by issuing debt and that is something that, as we call know, can’t do eternally. That’s why it’s so important to continue lowering the fiscal deficit.”

Regarding a reform to the Labor Code

“We’ve got to figure out how to grow, how to generate work and opportunities for Argentine. We’ve got to do it sector by sector. Today we have two problems: people who are out of a job and the fact that half of Argentines work on the informal sector of the economy. We want for everyone to access a formal job. We hope to keep talking to the different sectors and get these reforms to generate more jobs.”

Regarding the Intended Electoral Reform

“We have to congratulate the Interior Minister [Rogelio] Frigerio, because we managed to optimize this archaic, hideous system that we have, which benefits cheaters. This doesn’t mean that we don’t have to evolve with technology. It’s among the issues that we will raise to the governors and all authorities, to have an 21st century electoral system, which simplifies people’s lives.”

Reform to the Pensions System

“It’s considered in the ‘historical reparations’ law. Congress – meaning all political parties – has to make a proposal to have a pensions system in accordance to the 21st century before 2019. It’s being debated and studied throughout the world.”