The figures, prepared by Pablo Repetto, head of research at ALyC Aurum, authorized by the National Securities Commission (CNV), may be striking, but they follow the same methodology used by the consulting firm of Gabriel Rubinstein, former Deputy Minister of Economy during Sergio Massa's administration, to calculate this indicator in the last 16 months of Alberto Fernández's government.
This approach, which accounts for assets and liabilities of the national government, contrasts with the more common political narrative of Kirchnerism. It considers debt both in local currency and in foreign currency, with international organizations and with local or external creditors, in addition to recording the variation of assets such as Central Bank reserves. These elements are usually excluded from the Kirchnerist narrative, which focuses almost exclusively on foreign currency debt, especially that contracted with the IMF.
