The government against ECLAC | Asked a report …

Casa Rosada downplayed the importance of a report by the Economic Commission for Latin America that showed that Argentina was the most indebted country in the region in 2018. The head of the Deputy staff, Andrés Ibarra, estimated yesterday that the Argentine debt presented "a reasonable level and solid foundation" The latest official figures indicate that the total debt climbed to 95.4% of the product at the end of third quarter of 2018. Despite the alarm, the vertiginous cycle of debt badumed by the government throughout the Ibarra stressed that "the order is fiscal and monetary," said Ibarra .

At a press conference held at the conclusion of a meeting of cabinet members with President Mauricio Macri, Ibarra celebrated the fact that the government "has a credibility that it does not have. Had not been before. " In this sense, the former Minister of Modernization praised the "trust of international organizations in the project of the Argentine government". The CEPAL document, questioned by the manager, states that "in Latin America, gross public debt relative to GDP has increased in 2018, under the impulse of Argentina and Brazil ".

The preliminary overview of ECLAC's Latin American economies indicates that "although the region has recorded an improvement in the main fiscal outturn, the macroeconomic environment could increase the cost of debt and drive up interest payments. and the level of indebtedness. " in 2019. "Even though it uses figures until the second quarter of 2018, the paper points out that" at the country level, the case of Argentina is remarkable, which has increased its debt level by 20%. GDP points between 2017 and the second quarter of 2018, with which it reached a public debt of 77.4% of GDP ".

Contrary to the optimism displayed by Ibarra, a report prepared by the Institute of Labor and Economy of the German Abdala Foundation warns about the implications of the staggering rate of foreign currency debt observed since the beginning of the mandate of Mauricio Macri. They were placed in foreign currency for $ 71 billion in just three years. This figure exceeds $ 63 billion issued on convertibility (1991-2001) and almost doubles the $ 38 trillion invested over the last ten years of Kirchner (2005-2015).