Saturday, September 30, 2023

Sanguinetti admitted that the government prioritized inflation over delaying the exchange rate

The two-time former President of the Republic, Julio Maria Sanguinetti admitted that the government had prioritized fighting inflation over correcting it this year Exchange delay.

As part of the closure of the Expo Prado 2023 The former president assured this Sunday at a press conference that the current government is aware of the consequences of such a move “cheap” dollar.

“We are all aware that the exchange rate issue has an impact, the government says it and recognizes it,” said the Secretary General of the Colorado party (PC).

“The problem is that in the economy you have to look for variables and coordinate, the economy is one, and this year was the big bet inflation“ remarked Colorado’s historic leader.

In a different order, Sanguinetti He claimed that so far there is “a contrast between a spectacular last year and a very difficult year (2023)”, referring to the current agricultural emergency and the collapse in exports as a result of the drought.

At the same time, he explained that the government also had concerns about refrigerated purchasing (agreement). Marfrig Minerva). “We find ourselves in a dilemma between investments that we have guaranteed and the risk of a very dominant market,” Colorado said, adding: “We have to find a balanced solution and monitor this closely.”

Senator Jorge Gandini acknowledged that there were practical complaints

The Senator from national party (PM), Jorge Gandini realized that the Rural Association of Uruguay (ARU) and the country have several demands on the government.

“Obviously (rural producers) have their complaints, maybe that Exchange delay is the most important of them,” the nationalist lawmaker slipped.

“Let’s see whether the measures taken by the Banco Central (BCU) and from Ministry of Economic Affairs (MEF) generate signals in the opposite direction in these months and before the end of the year in order to balance the price a little and improve the competitiveness a little from this side,” the senator concluded.

Nation World News Desk
Nation World News Desk
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