Caputo confronted Gustavo Petro on X and gave him a basic economics lesson

Caputo confronted Gustavo Petro on X and gave him a basic economics lesson
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Petro had accused Argentina of shooting up its external debt, but Caputo confronted him with the real data from the Ministry

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The Minister of Economy, Luis Caputo, responded to Colombian President Gustavo Petro after the leader spread a false accusation against Argentina on social media regarding the supposed record increase in its external debt during the government of Javier Milei.

Petro had shared a post from RTVC Noticias claiming that Argentina had reached a historic record of external debt of over 320 billion dollars, while Colombia was supposedly making progress in paying its commitments to the International Monetary Fund. Following that post, the Colombian president wrote: “While Argentina shoots up its external debt, Colombia not only fully pays its debt to the IMF but also reduces the total of its external debt.”

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The Argentine economy minister replied to the Colombian leader that “the correct thing is to look at the total debt” and argued that Petro avoids that data to conceal the significant increase in internal debt in TES, that is, Treasury bills, during his own administration.

“Dear President @petrogustavo, the correct thing is to look at the total debt, which I suspect you avoid to hide that internal debt in TES has risen exorbitantly during your term,” Caputo wrote on X.


La Derecha Diario on X

  1. FLÁVIO BOLSONARO ANUNCIA QUE NO RECONOCE LOS RESULTADOS ELECTORALES El candidato derechista anunció que pedirá la ANULACIÓN de las elecciones tras cuestionar la decisión del juez Cristiano Zanin, exabogado de Lula, de extender dos horas la votación cuando ya había comenzado el escrutinio. "Lo que ocurrió hoy no fue normal, fue inaceptable. Un ministro del Supremo, exabogado de Lula, cambia las reglas del juego en pleno partido. [...] Es imposible reconocer los resultados de estas elecciones en las condiciones en que ocurrieron las cosas. Vamos a recurrir a nuestros abogados y vamos a pedir la anulación de estas elecciones. No voy a aceptar que las reglas del juego hayan cambiado en pleno partido, una vez más, por los amigos de Lula en el Supremo Tribunal Federal".

    6 min ago

  2. NO FALLA: Los presos en las cárceles de Brasil festejaron la victoria del comunista Lula da Silva.

    8 min ago

  3. PRIMERA MEDIDA DE LULA TRAS LAS ELECCIONES: REGULAR LAS REDES SOCIALES El presidente dictatorial brasileño anunció que pretende regular fuertemente las plataformas digitales para combatir las "intromisiones extranjeras" y "los discursos de odio". "Tenemos que vencer la intromisión que viene de afuera hacia adentro, a través de las plataformas digitales, que vamos a tener que regular".

    16 min ago

  4. ESTALLAN LAS SOSPECHAS SOBRE EL CONTEO DE VOTOS: Un analista brasileño denunció irregularidades al comparar los resultados parciales de Flávio Bolsonaro y Lula en el sudeste del país. "Cometieron fraude descaradamente. [...] Lula solo está ganando por 16.000 votos en Minas Gerais. [...] Cleitinho ganó, el candidato del PT perdió. Toda la derrota que tuvo el PT en Minas Gerais. [...] ¿Y esos votos migraron a Lula? ¿Me están tomando el pelo, hermano?".

    26 min ago

  5. FLÁVIO BOLSONARO: "NO VOY A RENDIRME DE BRASIL". El candidato presidencial brasileño anunció que no reconoce los resultados electorales y que pedirá la anulación del balotaje tras cuestionar la decisión del juez Cristiano Zanin, exabogado de Lula, de extender dos horas la votación. "Es imposible reconocer los resultados de estas elecciones. No podemos aceptar que las reglas del juego cambien en medio del partido".

    35 min ago

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The second graph shared by Caputo also shows a reduction in foreign currency debt with international organizations and BILA: from 16.3% of GDP in November 2023 to 14.6% in April 2026. That is, exactly the opposite of the narrative Petro tried to establish.

Argentina's public debt has significantly decreased in terms of GDP
Argentina's public debt has significantly decreased in terms of GDP

“I leave you the graphs where anyone can understand how President Milei has reduced total debt and foreign currency debt. Regards,” Caputo concluded.


Luis Caputo's response to the Colombian president
Luis Caputo's response to the Colombian president

He accompanied his response with graphs prepared by the Ministry of Economy, showing the evolution of total public debt and foreign currency debt with international organizations and BILA as a percentage of GDP. According to that data, total public debt rose from 88.42% of GDP in November 2023, with a jump to 156.56% in December of that year due to the adjustment of inherited variables, to an estimate of 69.98% in April 2026.