The national deputy of the Frente de Todos Carlos Heller affirmed this Thursday that “the total public debt when Cristina (Fernández de Kirchner) left was 52.6% of the Gross Domestic Product (GDP) when (Mauricio) Macri left 88.8% , and 79.8% in September of last year”, referring to the questions of Together for Change regarding the economic management of the current Government.
“Despite the many problems you have, Argentina has been showing growth indicators, an increase in formal work and ordering its economy“Heller remarked in dialogue with Radio 10, while contemplating the” worsening of the world crisis.
In this context, the legislator warned that Together for Change “tries to create panic” before society with the “creation of destabilization and make it impossible to comply with what the Government tries to carry out with Fair Prices and the refinancing of the debt left by the Macri administration, which are being negotiated well,” he stressed.
“Argentina has a huge debt, which cannot be ignored in any analysis, but the US$ 45,000 million (with the International Monetary Fund) they took, as well as, in a large proportion, the debt in dollars with the bondholders private companies that had to be refinanced,” Heller objected.
“The country had nothing left, only the debt, and from that dead they left they had to start”he asserted.
“Argentina has a huge debt, which cannot be ignored in any analysis, but the US$ 45,000 million (with the International Monetary Fund) they took, as well as, in a large proportion, the debt in dollars with the bondholders private companies that had to be refinanced”
Thus, the president of Banco Credicoop came out in response to a statement from the opposition coalition published this week under the title “They are leaving us a situation worse than that of 2015 and an armed bomb for the Argentine people.”
In this line, he specified: “The total public debt, everything that Argentina owed, when Cristina left it was 52.6% of GDP; when Macri left, it was 88.8%; and in September of last year, the last data we have with reliable public information , 79.8%”.
“In other words, 10 points less than when these guys left who are talking about ‘the bomb,’ when they made the bomb and left it on,” Heller replied.
Next, the president of the Budget and Finance Committee of the lower house explained that “when Cristina left, 66.9% of the debt was in foreign currency; when Macri left, 77.7% was in foreign currency ; and in September of last year, it returned to 66.7%, that is, the same proportion as in December 2015”.
Under the same parameter, Heller postulated: “When Cristina left, 57% of that debt was intra-public sector and only 12% with international organizations; when Macri left, with the public sector it had dropped to 40% and with international organizations had risen to 22%; now it went back to 45% and 18%”.
The deputy affirmed that with these figures “the historical values are tending again”, with which, he pointed out, “This unsustainable situation was increased by them, before which this government has had to renegotiate this debt”.
“They talk about a ‘bomb’ and they left a debt of US$45,000 million to be paid in three years and the debt in pesos they had was reshaped, which is an elegant way of saying that they could not pay it and they kicked it forward,” he added. Heller.
Along these lines, he stressed: “They are serial liars and try to prevent Argentina from continuing on a path of gradual reduction of the fiscal deficit.”which “this year has been fulfilled almost perfectly because the commitment was 2.5 and ended 2.4,” the legislator specified.
“Argentina, while trying to grow and order its tax revenues so that they have to pay everything, finances that deficit by taking debt in pesos, essentially intra-state, and also with institutional underwriters (banks, insurance companies, investment funds). investment), and it is doing very well because in 2022 it achieved 144% of what it matured,” concluded Heller.
