"If next year instead of 1.3 budget deficit, we have 2.5, we are in the oven"

The chief economist of the Foundation for Economic Research in Latin America (FIEL), Daniel Artana, predicts today that inflation this year will be about 30%, while warning against the budget deficit

"If next year, instead of 1.3% of the primary deficit, there will be 2 and a half years, we will be in the oven", he warned and said: "I hope that the reduction of spending is discussed"

In this sense, he insisted: " We need a profound debate on public spending " while ensuring that the agreement with the IMF not to achieve the stated objectives can be compromised.

In July, inflation "yields a bit", although it says that this year will end at a "very high" level.
He calculated, in this way, that the cost of living will be about "30 points" by the end of 2018.

" Parities will be adjusted naturally, they will go to a level He said, "the government has moved the number from 15 to 25 and if inflation ends up above 30, it will compensate."

] In addition, he felt: "We will have a market of work harder. There will not be as many job opportunities. "

" The semester data is bad and there is no good news, "said Artana

." Several questions "and argues that" taxes in Argentina are much more as high as in other countries . "

" Argentina has very high taxes on the formal sector of the economy. The tax party explains a large part
There are also infrastructural problems, "he said.

The economist badessed that" the government has an infrastructure program which is now affected by the drop in expenses. "Compared to the dollar, which ended the week at 28 pesos for sale, pointed out that it is a" more than reasonable "level, but pointed out that "at 30 or 32 pesos the Central Bank would have more margin to lower the interest rate"