“I don’t believe in a strict economy”: Xavier Miley defends his plan in the Lao Forum and the red circle gives him his support

from bariloche , full circle of ceo Llao Llao ForumSome people arrived for about an hour and listened to the President xavier miley, who defended his four-month political management and his economic plan. The presidential address discussed extensively about the legacy, current situation and Next phase of economic planning, “I don’t believe in a strict economy,” the president said.

After the speech, the President went down to greet the first row of officials and embraced them. Eduardo Elsztain (IRSA), guibert englebien (Globant) and cristiano rattazziwho held a hat bearing the legend “The Forces of Heaven” and greeted Marcos Galperin (free market) and Roberto SalottiFrom Brazilian bank BTG Pactual.

A few minutes later, a family photo on the steps of the hotel restaurant made clear the Red Circle’s support for the head of state. “I’m not going to compromise by being like Germany, I want to be like Ireland. I want a deep liberal revolution“, the President launched, among other definitions.

Miley assured that the government is “creating the conditions for Argentina to grow again” after inheriting “the worst crisis in history”. And he said both the mega DNU and the omnibus law are “against politicians’ jobs”. He also reiterated that his government had “made the largest financial adjustment in humanity.”

“To do gradualism, above all, you must have time and financing (two aspects we did not have). We are creating the conditions for Argentina to grow again, you will take care of the rest. When you move from a hyper-socialist economy to a market economy, you may have additional problems typical of this transition,” the President said in front of the executive audience.

“Why do they want to touch the exchange rate?”He uttered it as a rhetorical question to defend the monetary and exchange planning run by the Central Bank and in the face of criticism about exchange delays.

“The first part of growth will be a rebound, growth due to decentralization of capitalization. The 15% of GDP that was previously taken up by the state in fiscal deficit for parasitic activities is returned to the private sector for productive investment. Those who have the power to move Argentina forward, change the future and create wealth are businessmen and entrepreneurs, not politicians. There will be much bigger tax cuts in the future,” he concluded.

The head of state spoke for more than an hour in an exhibition format, without the exchange of questions and answers that characterized Uruguay’s presentations. louis lacalle pau and from Paraguayan santiago pena, miley expected his return For this Friday afternoon, when he was scheduled to return to Buenos Aires on Saturday. Nor did he cross paths with his Paraguayan pair who still remained in Lao Lao.

The president had no parallel agenda or specific meetings with some of the 150 businessmen and women who arrived in Bariloche on Wednesday and who already had their suitcases, backpacks and bags containing golf clubs ready to return to the hotel lobby. no one could late check out And due to high demand they had to vacate the rooms early.

They rested at the city airport more than 20 private planes To start the return. Last year the airport had inaugurated a special platform for private aircraft, but as so many planes arrived Some had to divert to normal scheduled flight platforms.

He did not even attend the closing luncheon With the founders of the platform Eduardo Elsztain, Marcos Galperin And Federico Braun, among others. The President’s stay then lasted for a few hours. He arrived by helicopter after 9:15 pm last night and took off on Tango 11 at 5 pm. The President successfully avoided a blockade of Bustillo Avenue for a few minutes in protest of his presence.

Miley arrived with a delegation composed of the General Secretary of the Presidency Kareena Miley and Presidential Spokesperson manuel adorni, They used the Presidential Suite, one of Lalao Lalao’s most expensive rooms – and which they had used as pre-candidates the previous year, Patricia Bullrich And Horacio Rodriguez Larreta, After the official welcome at the hotel he entered the room, went to give his speech and returned to the room until it was time to return. Sources in the delegation assured that they had no formal or informal meetings before returning to Buenos Aires.

The President followed closely the controversy over the Diet enlargement, which senators approved this Wednesday, and he was “pleased,” he said, because he believes opposition factions will be harmed by being exposed. “there was one hard mistake Among them,” he told the presidential delegation. In any case, in the Casa Rosada they assure that the salary plan for senior officials will improve at some point because “a director can earn more than the president,” he gave the example.

While the Economy Minister luis caputo Continuing his mission in Washington with meetings with the International Monetary Fund and the North American Treasury Secretariat, from the Casa Rosada he assured that the government moving towards a new agreementWhich is not imminent but the organization’s “bureaucratic time” will move the calendar forward by a few months. “We will not have any problem with funds”Fiscal overadjustment and accumulation of reserves were considered by the executive branch.

They do not rule out additional financing from that source, but there are concerted efforts to get dollars from risk investment funds and sovereign funds. One option that seems strong is the Public Investment Fund of the Kingdom of Saudi Arabia, whose investment portfolio about a billion dollars,

Although it is not a transversal diagnosis in the government, the conditions for some authorities to raise the exchange rate would already be present, although the economic team prefers to proceed with more caution. That is why the strategy promoted by the Ministry of Economy and the Central Bank is one gradual opening of exchange restrictions.