During his presentation at the close of a meeting organized by the Atlantic Council, held at the Palacio Libertad and with the participation of representatives from the public and private sectors, the head of the Treasury Palace, Luis Caputo, defended economic management and made it clear that there will be no setbacks. “The path of change is inexorable: it came to stay. There is no turning back. There is no way for us to correct the course. It doesn't matter what the press or the opposition says,” he said. Caputo began his speech with a strong criticism of media and political sectors that question the official program: “To believe that most people can vote to go back to hell is something crazy. We arrived with the mission of generating profound change and that generates resistance. Today we are seeing the resistance of a journalism sector that is trying to install a situation that has little to do with reality,” he said
.With regard to structural reforms, the minister explained that the Government is making progress in regulating labor reform, despite the precautionary measure issued by the Justice and which stopped 83 articles, including the Labor Assistance Fund (FAL). As he explained, the central objective is to promote the formalization of employment: “What we are looking for is greater formalization. This will mean higher revenues, which will allow us to continue to lower taxes
.”
He also highlighted the submission of the Tax Innocence Act and the intention to develop the capital market oriented to the real economy. In this framework, labor reform and the initiative to encourage Argentines to take dollars off the mattress appear as key pillars for the recovery of activity. However, he acknowledged that the first front faces judicial obstacles — which the Government will appeal — and that the second has not yet achieved a significant increase in private sector dollar deposits after several months of
validity.In terms of infrastructure, Caputo announced an ambitious plan that seeks to transform the country's road network. He assured that 9,000 kilometers of road corridors will be tendered by June, with works in progress, and that work is being done together with Federico Sturzenegger's team to grant an additional 12,000 kilometers of national routes. In addition, it confirmed the transfer of routes to the provinces, many of them with funding included. “Phenomenal changes are going to be seen in Argentina's road structure in the next two years,”
