Lacunza said that "Argentine savings is absolutely available" – Telam



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Press conference of the Minister of Finance

Finance Minister Hernán Lacunza said the latest economic measures have been adopted by "this government" and reaffirmed that "there is no mixed government" with the opposition but a "relation of respect" with these forces, because they "represent a part of the population". the society. "

Lacunza stated in this regard that the measures circulated yesterday were not agreed but "informed or shared in an institutional dialogue" with the opposition.

In this line, he ensured that he integrated a "government that is in charge" and that there "is no co-government". But yes "a relationship of respect since after the OSP, they represent a part of society and I'm not talking only about the Front of All, but the Consensus 2030 and Awakening, among other forces" , he added.

In addition, at a press conference with accredited journalists at Casa Rosada after the meeting of the Council of Ministers, the President of the Palacio de Hacienda said that "all ideas are welcome" because "no one n & # Is the owner of the truth "and said yes. well "there is an upcoming election campaign, it is not an excuse to put stability at risk".

Regarding the reasons for the exchange restrictions, he said it was "a decision of the entire government team" because the country "had lost the voluntary credit after the primary elections."

Lacunza said that "this is not a value judgment, but a concrete fact since the country risk doubled on August 12 and that the debt renewals we made were much smaller."

He stressed that "faced with these limited resources, President Mauricio Macri had given him" instruction to take care of these reserves for the most vulnerable because

if the exchange rate goes up, inflation goes up and poverty goes up. "

And he added that the other premise was "that those (reserves) that support the savings of the Argentines were privileged".

"With these two non-negotiable goals, the maturities of short-term debt were extended last week and we will debate in Congress this week of a medium-term bill aimed at clearing the horizon of next four years, "he said. .

With regard to "capital control measures", he stated that his objective was to preserve these reserves by setting limits on possible dollarization, while guaranteeing absolute freedom of availability of Argentinian badets.

"It's untouchable," said the manager of the Palacio de Hacienda.

In addition, Lacunza reiterated that he was "convinced that it was the best", although he acknowledged that "these are uncomfortable and urgent measures" but "necessary to avoid greater evils, that is to say that poverty does not increase ".

"We think these measures will work," insisted Mr. Lacunza, who promised no "value" of the dollar, but rather thought "that he will be stable in this price range" because "he is high enough and has a mattress".

Regarding the disbursement of the last tranche of IMF credit, amounting to 5.4 billion US dollars, he said that the country "met all the requirements and all budgetary and monetary commitments, both quantitative and qualitative ".

In this line, he said that "there is still no definitive date on this, so you do not have to worry about it, but the only thing that has to to be clear is that any disbursement can not take place until September 15th, because these are the stipulated deadlines. "

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