The Government highlighted that the last official data indicate that the Private salaries rose at a rate double that of inflation and claimed that the Senate sanctions the Bases Law “with the purpose of release the productive force of the inhabitants of the Argentine Nation.”
“The Office of the President communicates that official data for April reveal the more significant recovery of real private wages of the Argentines since 2009. This information is corroborated with the results of the Monthly Panorama of Registered Work, prepared by the Ministry of Labor. In this context, the April figures show an increase of 16.1% in salaries, while inflation stood at 8.8%,” said the Office of the President in a statement posted on social networks.
In that sense, he considered that “this implies that the salaries are growing approximately double inflation“, so “Argentines are beginning to experience a recovery in the purchasing power of their income, thanks to the slowdown in monthly inflation inherited from the previous government, price stability and the elimination of the fiscal deficit, which generated uncertainty about solvency. of the State.”
“These results show that, with a serious economic plan and a State that stops being an obstacle to production and employment, it is possible to reverse years of decline. Argentina is on its way to becoming an economic powerfreed from the shackles of uncontrolled public spending and state intervention,” considered the letter published by OPRA.
Finally, he highlighted that “To accelerate this process of economic recovery, it is essential that Congress approve the Bases Lawin order to release the productive force of the inhabitants of the Argentine Nation.”
In recent days, the Government has been more active in highlighting improvements in economic data and at the same time insisting on the need for Congress to approve the first law since Milei took office. The president stated that “the fall in inflation explains why the caste is pulling everything” after publishing on his official account on the social network X, an “activity traffic light” showing data on the recovery of the economy.
In the same publication made over the weekend, he also declared that the opponents “are burning the ships” and that upon learning this information “the desperation becomes evident.” “They are going to go all out because they know that, if it goes well, they won’t come back again…” he indicated. The graph that accompanied his statements showed 10 indicators analyzed in May of this year, belonging to various sectors, of which exactly half are positive and the other negative.
The consumer confidence index according to the UTDT grew by 0.9%, car registration by 2.1%, AFIP collection for social security by 4.6%, the Construya Index by 4.9% and shipments cement 11.5%. On the other hand, there are drops in the collection of the check tax of 15% and DGI VAT (in addition to the real VAT of 3.1% and 4.8% linked to economic activity), 8.2% in imports from Brazil and a drop in the number of cars manufactured (-7.1 percent).
Hours ago, Milei had already confirmed that “the Government once again achieved a fiscal surplus” last month, due to the “reduction in subsidies and the increase in collection.” They are statements that show the urgency of the Executive Branch to show concrete progress in reforms that require institutional support and the commitment of other political spaces, beyond the libertarians or the PRO.
