Interview with Nicolás Dujovne, Argentina’s Treasury Minister

What was the strategy behind the fiscal reform? Minister Dujovne: When we came to power we inherited a large fiscal deficit, a high level of public spending and a heavy tax burden. All three have to be cut but the only way it can be done is gradually because if we cut taxes very quickly then the deficit will increase. It’s only by cutting public spending can we have room to also bring down both taxes and the fiscal deficit. So, we have committed to cutting consolidated public spending, which includes federal…
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