The government assured that it would lower the price of naphtha | Chronic

The Minister of Finance, Nicolás Dujovne, said Tuesday that "the situation" of the economy "she is very on the right track", and that way they will have "a few months in front of a lot of peace", in addition to considering that there are conditions for "some companies lower the price of naphtha".

He also said that the government "He is very calm with the exchange rate, evolving fluidly in the area that we define as non-intervention, so there is no reason to worry".

Dujovne, who with the Minister of Transport, Guillermo Dietrich, served as spokesperson for the Cabinet meeting that led today the President Mauricio Macriat Casa Rosada badyzed, with regard to the price of naphthas, that "Without a doubt, what we are seeing in recent weeks is that the combination of a stable exchange rate and an international price creates the likely conditions for some companies" can lower it

On the progress of the economy, Dujovne badured that "The situation is very tense and we now have a few very quiet months and we see with great optimism the way in which the Argentine company has decided to advance the resolution of the turbulence that we have gone through these months.".

Prior to the consultation, the Minister of Finance stated that the government "He is very satisfied with the measures we have taken" in the economy, and pointed out, in that sense, "Budget approval with balance, which marks a very important step".

"We have achieved a budget that has garnered a vote from a good deal of opposition and where many officials have taken on great responsibilities – said many political leaders."he appreciated.

Dujovne pointed out that "This is undoubtedly a very important part of this recovery we are going through.As we have said many times, after the atypical inflation caused by the depreciation of the peso at the end of August, September's inflation was very high, October a little less, November will also be lower, and slowly we are going through a climate of normality, tranquility ".

At this level, the minister insisted that the government "he is very satisfied with the measures we are taking, we are convinced that what we are doing is what we need so that Argentina can resume the path of growth".

Later, the minister pointed out "successful criticism" IMF to reach agreement with the country, released last Monday by the agency, and stressed that "This second revision already unblocks the disbursement we will have at the end of December".

With respect to the change in the dollar, the owner of the Treasury Portfolio has stated that "Almost two months ago, we launched this exchange rate policy, the exchange rate was 41%, it was below 36% and it now stands between 38 and 39 pesos".

"That is to say, it operates in this area and there was no deflation when it went from 41 to 35, we do not expect price movements badociated with anything very specific nowadays that we do not even know if it is permanent and answers purely supply and demand issues in the changing market ", badyzed.

Regarding the price of fuel, Dujovne recalled that in the country "There is a system of freedom for price formation and, in this context, what determines the price at the pump depends essentially on three factors, one of them being the international price, which is steadily declining in recent weeks ".

At this level, he mentioned that "Another factor is the exchange rate and the tax component" and, in this regard, he mentioned that Argentina "It went from tax collection to the value of fixed rate taxes discounted by inflation".

Dujovne, in this sense, badured that "If we had not made this change to the tax reform, the fuel price increase would have been much higher since the tax had been multiplied by the increase already generated by the movement of the exchange rate and the by the rise in the international price ".

However, he badyzed that "Without a doubt, what we are seeing in recent weeks is that the combination of a stable exchange rate and an international price creates the likely conditions for some companies" can download it

Finally, he said: "We know," he said, "that there is no fuel price, you know that there are different business decisions, some may go down, of course." other no, it is also different by component, since the price of higher quality naphtha, naphtha, is not the same, super or diesel, then we will see different movements, where some may go down, and maybe to be that others do not go ".