Carlos Melconianwhom Patricia Bullrich offered to be his vice-president, presented the economic plan for the Mediterranean Foundation to be presented to the future president. The think tank’s proposal pointed to the recognition of bimonetarism, with a reform of the Civil Code that authorizes contracts in both currencies, and a handful of shock measures to cut the inflationary cycle and put the country on the path to growth.
“It is necessary to institutionalize the bimonetary. Argentina is already bi-monetary and we are going to go to a system of incentives so that a capital market in dollars flows again, which allows credit and local investment from large and small companies and investors, “said the economist, willing to” that the peso and the dollar coexist”.
Melconian, who refused to be a running mate but is still being considered to take over the Economy portfolio, acknowledged: “If they call me, I’ll go”. And he added: “Today, after more than a year and a half of work, we are here to present this team to society, of which I am proud and I am confident that it will be able to restore a future to our country.”
A future that includes shock measures: the goal is reduce a total of 3.5% to 4% of GDP, a volume that arises from reducing subsidies, public spending, and the State bureaucracy. It would aim to achieve an “immediate zero deficit.”
But Melconian distanced himself from the so-called “chainsaw plan” that proclaims javier milei. In this sense, he proposed a new organization chart, with fewer ministries, secretariats and directorates, reduction of endowments in the first year of management, with an objective of achieving a reduction of the order of 25% in the first year.
Public works will focus on defining the most important works in urgent projects related to energy, gas pipelines, AySA waterworks, dredging of the waterway and freight trains. Melconian pointed out that it is a lie that the Nestor Kirchner gas pipeline can generate a sectoral trade surplus of 20 billion dollars. And he pointed out that “the comprehensive renegotiation of the contracts of the electricity distributors must be completed.”
He also expressed himself about “the ball of the Leliqs”, “a problem” that arises from the fiscal deficits and the purchase of domestic debt in recent years. “It can be disarmed without generating an explosion,” said Melconian. “Sergio Massa’s Plan 120 is the plan we are seeing, they are kicking the measures forward and nothing concrete is taken,” he said. Augusto Ardilesthe former Director of the Mint who today is part of the team of Luciano Laspinathe economic benchmark for Patricia Bullrich, who sounds as much as a minister or for the Central.
“Now it is important what will happen with the agreement with the IMF. We would have to meet fiscal goals so that they give us money to pay them. That is why the minister Sergio Massa despairs and invents any dollarI see that the entire macroeconomic plan of the Minister has little consistency and the only thing that grew was inflation,” added Ardiles.
“We have to build a currency unit that gives credibility. We are going to prohibit the Central Bank from imposing stocks. The reserve requirements are the dollars that people have in the banks and we want to know how many hands are going to put there,” said the finance expert who also spoke in favor of bimonetarism and fiscal order.
by RN
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