In a context where the Government seeks to consolidate economic stability and allay historical fears associated with the electoral years in Argentina, the Minister of Economy, Luis Caputo, drew a markedly optimistic scenario for the next political calendar. According to the official, the country is heading towards an unprecedented period of predictability, backed by solid economic indicators and growing confidence both from the market and from political actors, including from opposition sectors. During an interview on the program La Cornisa, hosted by Luis Majul in La Nación Más, Caputo was categorical in stating: “Next year will not be a typical Argentine election year, it will be a walk in the park”, thus ruling out any scenario of tension or instability such as those
that historically marked similar processes.The minister based his vision on political signals that he considers to be convincing. In this regard, he recalled his participation in Argentina Week, where, as he recounted, “12 opposition governors” agreed that “there is no possibility of going backwards”, and he even stressed that these leaders “spoke better about us as a government than we did ourselves”, evidencing, in his opinion, a cross-cutting support for the current economic direction. Regarding the political situation and its impact on markets, Caputo minimized any negative effects derived from the situation of the former presidential spokesman and current Chief of Staff, Manuel Adorni. “The Adorni thing doesn't affect the economy at all; what really influences is political volatility,” he said, ruling out consequences for country risk
or investments.
However, the head of the Palace of Finance identified a factor that, according to his analysis, does affect economic decisions: the fear of the possible return of Kirchnerism. In strong terms, he defined it as “hell for most people”, and explained that this perception - although he considers it unfounded - has concrete effects on the behavior of economic agents
.In this regard, he revealed a significant fact: “Nine out of 10 people consulted respond that they do not deposit their money in banks for fear that Kirchnerism will return.” Although he argued that the probability of this scenario is “zero”, he acknowledged that the market incorporates that risk in its decisions, affecting issues such as the repatriation of capital or the use of
fiscal incentives.In this context, Caputo defended the new tax regularization legislation, stressing that “the law is very well done, since it totally shields people and banks”. However, he admitted that a certain social mistrust persists: “There is such a shambles on the other side that there are those who believe a return of Kirchnerism is possible and, despite legal safeguards,
they remain skeptical.”Despite this, the minister expressed confidence that the process will move forward. “I observe the medium term and the behavior of the market. The negative scenario, although unlikely, continues to weigh on individual decisions, but it has no objective support,” he explained, making a difference between perceptions
