Argentine Budget Association: Drop in capital spending in the first quarter of 2024 ‘presents levels of almost total stoppage of public investment’ Public investment contracted more than 80%, marking the path to reducing the fiscal deficit. The question is not about the fiscal squeeze, which abounds, but about how far the squeeze goes, writes Hernández.
Public investment does not represent a harmless alternative but, always, a bet on the growth and productivity of the economy, says Hernán Hernan. It can serve to narrow the competitiveness gap with countries that invest in activities that are neglected here, that age and fall behind, Hernany says. the purchasing power of the minimum retirement fell by 21.5%. Or 16.1% with the extra bonuses incorporated, he says. Hernain: The way out would have been for someone to imagine a slightly more elaborate variant. The officials who administer the State operate in the middle. The public investment in Argentina is 1.3% in 2023; 1.4%.