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Kulfas: "A debt in pesos is not the same as in dollars"

Kulfas refuted misconceptions of Dujovne and Sandleris. Photo: Raúl Ferrari.

The Minister of Productive Development, Matías Kulfas, remarked this Saturday that “a debt in pesos is not the same as in dollars”, in response to statements by Guido Sandleris, who was president of the Central Bank during the macrista administration.

“Any ordinary citizen perfectly understands the difference between getting into debt in pesos or dollars; or between getting into debt with his wife, husband or brother or getting into debt with a bank. The only ones who do not understand the difference are the JxC economists,” said Kulfas on his Twitter account.

The official thus came out to respond to Sandleris, who had stated on the same social network that “there was no government that has increased the total public debt as much as that of Alberto Fernández.”

“Kirchnerism issued, in two years, the equivalent of US$ 63,000 million and US$ 40,000 million from the Central Bank; that is, in two years they issued 150% of the debt that JxC issued in four. Of course, we eliminated the primary deficit , they increased it”Nicholas Dujovne

According to Kulfas, “perhaps for Guido Sandleris or (the former finance minister of the previous administration) Nicolás Dujovne it is too late to understand the terrible management of the public debt left by the government of Mauricio Macri.”

“For all the rest of the leadership, it would be good to fully understand the lessons of a disastrous process for our country: debt in pesos is not the same as debt in dollars. Debt in the public sector is not the same as external debt with the IMF,” he stressed.

“It is unusual that Dujovne and other PRO economists pretend to ignore and even justify the irresponsible handling of the public debt they incurred”Matias Kulfas

Dujovne had started the debate by stating that “Kirchnerism issued, in two years, the equivalent of US$63,000 million and US$40,000 million from the Central Bank; that is, in two years they issued 150% of the debt issued by JxC in four Sure, we eliminated the primary deficit, they increased it.”

To this affirmation, Kulfas had responded that “it is unusual that Nicolás Dujovne and other economists of the PRO try to ignore and even justify the irresponsible management of the public debt in which they incurred.”

In a message thread, the minister pointed out that “the data is convincing: the public sector debt during the government of Mauricio Macri increased by US$106,635 million. And during the government of Alberto Fernández it increased by US$11,364 million.”



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