Miley’s reaction after Pope criticizes government | Post on X

President Javier Milei made the promise this Saturday “Better social policy” involves reducing the fiscal deficit and charged with Members of the National Assembly whom he once again described as “fiscal depravity”.

He did it through a post on his X account while he was traveling to America. The text was titled “EMBI vs. GDP Relationship”. The first abbreviation refers to the emerging market bond index, the second to GDP.

“I asked Federico Sternsnaker to measure the relationship between EMBI and GDP, considering the impact of the actions of degenerate funds on country risk,” Milei began.

Along these lines, he continued: “In light of the results, if the country returns to the levels of risk K, it could lose one-third of its GDP, from USD 600MM to USD 400MM,” he continued. “In short, the joke of financial meltdown costs USD 200MM. At the same time, if GDP is taken in pesos, the impact is 1/3 of what was seen in dollars,” he said.

Finally, the President promised what the table reflects, “As financial crises progress, GDP in dollars declines by 1/3 due to lower activity and 2/3 due to increases in the real exchange rate.”

“For this reason, salaries in dollars are destroyed and the number of poor and poor flies. That is, funds degenerate in their love for the poor, whose actions multiply them. The best social policy is downward fiscal pressure and fiscal balance. A monetary policy that ends inflation,” he wrote.

Miley’s post comes hours after Pope Francis criticized the national government for its economic direction And after vetoing a new raise and reform of the system, Congress rejected a crackdown on retirees days earlier.