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October 15, 2022
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Governors agreed on "don’t spend more than you earn"

Governors agreed on "don't spend more than you earn"

Photo Alexander Moritz.

The governors of Santa Fe, Omar Perotti; de San Juan, Sergio Unac; of the Chaco, Jorge Captainich; of Jujuy, Gerardo Morales; and the head of the Government of the Autonomous City of Buenos Aires, Horacio Rodriguez Larreta agreed in valuing the importance of the fiscal surplus and the “adequate” administration of public finances as management attributes, by participating in the 58th edition of the IDEA colloquium what was done in Mar del Plata.

One C expressed that “Governments must understand that you cannot spend more than you earn”.

“Our province has balanced its accounts and has a fiscal surplus for 15 years. The lack of order for decades caused macroeconomic imbalances, lack of clear rules and inflation. We must know that we need to have clear and lasting rules to have investments in our region” , said the Cuyo president.

The governor said that this province has a project underway to exploit a copper mine that would double the province’s exports. “San Juan is a province without oil and without soybeans and we have a positive trade balance of almost 500 million dollars”he indicated.

Captainich he maintained that the provinces that have a fiscal surplus “have been able to adequately govern and manage public finances.”

Photo Alexander Moritz
Photo Alexander Moritz.

We must be fiscally sound. If we are capable of achieving it in each of the municipalities, in the 24 provincial jurisdictions and in the National State, we will be able to build fiscal solidity. Then we will be able to achieve fiscal soundness and monetary stability to reach monetary competitiveness,” Capitanich reasoned.

For its part, Rodriguez Larretapointed out that his management presented a zero deficit project in the Buenos Aires Legislature, which is “balanced with the lowest indebtedness” that the city of Buenos Aires had in the last 15 years”.

“We know that fiscal balance is important, but we still need a development plan that will take the country forward. Today before the world we have all the opportunities to chart a future because the world once again needs our food,” said Rodríguez Larreta.

The Governor of Jujuy Gerardo Morales considered that “after 32 years of fiscal deficit in the province, a surplus was achieved in a little more than three years.”

“I showed that we know how to govern and stabilize public accounts. We all know that we must end the crack. We must think about productive politics for the good of Argentina. The world needs food, energy, the knowledge economy, biotechnology. We have all that and if we don’t take advantage of it, we are very foolish,” Morales observed.

Perotti coincided with his peers and claimed “You don’t have to spend more than you enter” in the public coffers.

“In our province we have gone from not being able to pay wages and Christmas bonuses to having a surplus,” pondered the Santa Fe native.



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