Luis Caputo announced a $70,000 bonus for retirees in March

The Minister of Economy, Luis Caputo, said on Wednesday that “with the bonus of 70,000 pesos, the minimum retirement that with the increase of 27.18% will go to 133,000, will total almost 205,000 pesos.” That’s the minimum pension, but we can’t afford not to change the formula for updating pensions and since the law didn’t pass, we have to compensate them,” Caputo said in televised statements. We all pay for populism with high inflation. They use retirees in a political way. Almost 95% of those who receive the minimum are those who did not contribute what is due,” said the minister. Luis Caputo spoke about the train strikeThe head of the Treasury Palace said that “the train strike is political because there was a call and all the unions came and the Fraternity decided to go on strike even though we were talking.” Caputo added that “people realize that it’s political, the majority of the country voted for change but there are people who don’t want a change and they’re going to do these actions.” The head of the economic portfolio emphasized that “we have always said that it was going to be tough, no developed country does the crazy things that Argentina has done, particularly in recent years.” Luis Caputo estimated inflation of less than 15% for FebruaryCaputo projected that “the sooner we lower inflation, we have to be as disciplined as possible” and estimated that “February closes with less than 15% inflation and before July we will be at less than 10%.” The minister explained that “there is a very strong fiscal and monetary control that allows us to anchor expectations. Argentina is a country that has no credibility and credibility is the raw material for economic policy.” Caputo said that “the adjustment is sustainable over time and we tighten the screws of the adjustment in political spending. Each province has to take responsibility for its decisions. We reduced spending by 5 points, the provinces only have to reduce spending by 1 point.”

Original source in Spanish