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Entries with Keyword austerity

Inflation and currency instability at the Central Bank have made Economy Minister Martín Guzmán accelerate his efforts to show a path of fiscal austerity, which he sees as an alternative to the disorderly devaluation that he wants to avoid.…

Martín Guzmán has repeatedly said in his interviews and press conferences since swearing in as Alberto Fernández’s Economy minister that one of his main goals would be to “tranquilize” the economy.

After two years of constant runs against the peso …

As expected, the Senate passed the 2019 budget bill in the early hours of Thursday morning, thus approving the economic guidelines set by the government for the next year. To do so, Cambiemos’ representatives in the Upper House had the …

Argentina’s poverty rate in the first semester of 2018 increased to 27.3 percent, up 1.6percent when compared to the second half of 2017, according to a report released by the Indec statistics agency on Thursday. These figures indicate that roughly …

Former presidential candidate Daniel Scioli reappeared in the public eye this week and used the spotlight to fire shots against the Macri administration, who he blames for the ongoing economic crisis.

“This situation was avoidable,” Scioli said on live television,

Yesterday, President Macri signed decree 632/2018, which imposes a government hiring freeze, a reduction of bonuses and vacation time for existing employees, and seeks to reduce travel expenses and the number of government vehicles until the end of next …

Speaking from the Casa Rosada this morning, President Mauricio Macri announced that approximately 1,000 government officials working in the Executive branch are set to be cut from the federal government’s payroll.

Speaking from the Casa Rosada this morning, President Mauricio Macri announced that approximately 1,000 government officials working in the Executive branch are set to be cut from the federal government’s payroll.

He also said salaries for other officials in the …

After splitting up the Economy Ministry and ousting its (now) former Minister Alfonso Prat Gay, President Mauricio Macri appointed Nicolás Dujovne as Argentina’s Treasury Ministry this week, assigning him the task of reducing the country’s fiscal deficit. But before he …

Alfonso Prat Gay’s departure from the Economy Ministry and the consequent appointment of Nicolas Dujovne and Luis Caputo to lead the newly-created ministries of Treasury and Finance (respectively), has sent shock waves through Argentina’s political spheres.

Government representatives assured the …