Caputo announces return of public works, defends economic plan

[Finance Prof]

Caputo announces return of public works, defends economic plan​

The economy minister confirmed works on national highways will be put out to tender, along with freight networks and waterways​

https://buenosairesherald.com/politics/caputo-announces-return-of-public-works-and-defends-economic-plan-amid-criticisms

 

[TonyTigre]

If Milei wants to get reelected, the administration needs to transition away from austerity mode, so it seems like the timing is right for actual hiring and work to start in late 2026 or early 2027. Lenders and voters are going to be supportive of it even if it results in a budget deficit for 2027 because these are important long term investments. Milei better warn everyone in the bidding process to keep their hands clean and keep everything very transparent!

 

[earlyretirement]

If Milei wants to get reelected, the administration needs to transition away from austerity mode, so it seems like the timing is right for actual hiring and work to start in late 2026 or early 2027. Lenders and voters are going to be supportive of it even if it results in a budget deficit for 2027 because these are important long term investments. Milei better warn everyone in the bidding process to keep their hands clean and keep everything very transparent!

Totally correct @TonyTigre. Prices needed to come up but they went too far too soon. I've been saying this for many months they had to ease off on all of the increases. People are totally tapped out and you're seeing it now with the negative polling. Especially when they are asking people to handle all of the increases. Especially the middle class that is getting crushed.

The problem is that they campaigned against the caste and they have become the caste. They are wise to advance the public transport $$.

Posted about it today.



They need to get this going. The numbers are really ugly.

 

[Wally]

If Milei wants to get reelected, the administration needs to transition away from austerity mode, so it seems like the timing is right for actual hiring and work to start in late 2026 or early 2027. Lenders and voters are going to be supportive of it even if it results in a budget deficit for 2027 because these are important long term investments. Milei better warn everyone in the bidding process to keep their hands clean and keep everything very transparent!

Agree with you gents. Their plan is not sustainable and foreign money is not coming in and won't come in fast enough. Especially now companies are probably waiting to see how things shake out. Milei and his team are imploding. Adorni needs to get removed ASAP as this is a total distraction day after day. Milei would even come out looking better to fire him and send a message no more corruption.

 

[Silvia]

Agree with you gents. Their plan is not sustainable and foreign money is not coming in and won't come in fast enough. Especially now companies are probably waiting to see how things shake out. Milei and his team are imploding. Adorni needs to get removed ASAP as this is a total distraction day after day. Milei would even come out looking better to fire him and send a message no more corruption.

The problem is they can't get rid of Adorni because he knows all the secrets. I would respect Milei if he got rid of him. There are far better people. What happened to Sturzenegger? He would be a good replacement.

 

[Betsy Ross]

Totally correct @TonyTigre. Prices needed to come up but they went too far too soon. I've been saying this for many months they had to ease off on all of the increases. People are totally tapped out and you're seeing it now with the negative polling. Especially when they are asking people to handle all of the increases. Especially the middle class that is getting crushed.

The problem is that they campaigned against the caste and they have become the caste. They are wise to advance the public transport $$.

Posted about it today.



They need to get this going. The numbers are really ugly.

Wow those numbers are terrible! Didn't realize that the manufacturing sector was that bad. I knew it was bad but down in 14 out of 16 sectors are horrible.

 

[earlyretirement]

Wow those numbers are terrible! Didn't realize that the manufacturing sector was that bad. I knew it was bad but down in 14 out of 16 sectors are horrible.

Yes it is very bad. This isn't a sustainable model, especially without foreign direct investments on a large scale. I don't think RIGI projects will be quick to start. That takes years and years. Time the government doesn't have before the election. They should have eased up on the CEPO earlier for companies. I can't see any reason for companies to jump into Argentina with a CEPO in place.

The problem is they can't get rid of Adorni because he knows all the secrets. I would respect Milei if he got rid of him. There are far better people. What happened to Sturzenegger? He would be a good replacement.

Milei goofed. He should have fired his sister ASAP after Libra to at least pretend he wasn't in on it. But the evidence is very clear on that. Ansis grift was also clear. When people in the government see the President grifting its open season. By sticking by Adorni (which is also very clear this is not normal) it just sends a bad signal and also prevents foreign companies from wanting to invest in Argentina. They need to get rid of Adorni ASAP or he will probably get forced out. They are wasting valuable time.

 

[import export]

Yes it is very bad. This isn't a sustainable model, especially without foreign direct investments on a large scale. I don't think RIGI projects will be quick to start. That takes years and years. Time the government doesn't have before the election. They should have eased up on the CEPO earlier for companies. I can't see any reason for companies to jump into Argentina with a CEPO in place.


Milei goofed. He should have fired his sister ASAP after Libra to at least pretend he wasn't in on it. But the evidence is very clear on that. Ansis grift was also clear. When people in the government see the President grifting its open season. By sticking by Adorni (which is also very clear this is not normal) it just sends a bad signal and also prevents foreign companies from wanting to invest in Argentina. They need to get rid of Adorni ASAP or he will probably get forced out. They are wasting valuable time.

I believe Milei would rather go down with the ship with everyone vs. fire his sister. It's obvious she is probably the one that planned Libra. And ANSIS is also her deal. Who knows if Milei even knew about that. But he doesn't know how to detach from his sister and make good judgements.