Toto Caputo anticipated “high impact” measures in the coming months

The Minister of Economy, Luis “Toto” Caputo, supported the economic direction of the Government of Javier Milei and anticipated that “high-impact measures” are coming in the coming months.

During an interview on the Economists program on Public TV, the official combined a strong defense of the model with direct criticism of business sectors, who resist the new rules of the game.

“There are some who don't want to compete and who seek macroeconomic disorder to get what they want,” he said, referring to those businessmen who are used to the impoverishing model of Kirchnerism.

Caputo argued that the current economic scheme targets the entire population. “The economic model is for the 48 million Argentines,” he said, while stressing that the stability achieved is explained by fiscal balance. Along these lines, he contrasting with previous stages, stating that “before it was financed by raising taxes, debt or

issuance”.

The minister also questioned the practices of some private sectors. “They want margins of 200%,” he said, defending economic openness and competition as tools to generate “more reasonable” prices compared to previous years

.

Regarding the financial system, Caputo stated that the current scenario marks a change in trend.

“There are people who borrowed at very high rates thinking that the dollar and inflation were not going to stop,” he said, although he projected that bank default would tend to decrease.

In this regard, he highlighted that “banks returned to operating as banks”, specifying that about 50% of loans are aimed at the private sector