Economy

The net international reserves of the BCRA, calculated using the IMF methodology, are in negative territory for US$ 7 billion, according to Ecolatina. In this way, the coffers of the highest monetary authority are at a critical moment, a window on the verge of breaking, facing the scenario that the Government faces going forward. In the last five days, the Central got rid of US$ 465 million in the MULC. In this way, it ran six consecutive weeks with a net sales balance. Thus, the entity headed by Miguel Ángel Pesce has sold almost a billion dollars so far this…

The financial deficit for the first semester was 14% lower in real terms than the one that changed in the same period of the previous year. Spending on social benefits contracted by 10%, which ignited some alerts in the toughest sectors of the government coalition facing the polls. These are data that come from the Congressional Budget Office, which is the body that monthly measures the costs of the different costs of law, at the same time that it analyzes other data on the national economy. The primary deficit, by technical definition, is the red one that does not include…

A report by the consultancy Ecolatina states that the Central bank already attends the Treasury this year with an injection of $1.75 trillionwhich doubled the margin agreed with the IMF. "The Treasury again requested direct monetary assistance from the BCRA at the beginning of July to cover its financial needs," the report indicates. On Friday, July 7, the BCRA transferred $400,000 million to the Treasury as Temporary Advances. That same day, the Treasury withdrew $260,000 million to buy dollars from the monetary authority for close to US$1,000 million, while it withdrew the remainder ($140,000 million) to cover cash needs. "In…

The Ministry of Commerce increased the Fair Prices program to different items with the objective of containing inflation. However, since these agreements were signed, the products remain unavailable in a large part of the interior of the country and others grew above the rates published by INDEC. Shortages, increases higher than those agreed and non-compliance by distributors are some of the most common complaints, according to references from the sectors consulted by PROFILE. The fruit and vegetable basket was renewed in July, but with a 39.1% increase in the price of potatoes, well above the 24.7% set by INDEC for…

Former Finance Minister Hernán Lacunza published the "K Manual of Economic Policy" after Minister Sergio Massa's criticism of opposition economists. In an ironic tone, the former official during the last stretch of the Mauricio Macri government maintained that, in relation to the IMF, the Government has as rules "failing to meet all the goals of the agreement: fiscal deficit, issue, reserves; entertain with fantastic stories: imminent deals with millionaire fresh funds and blame the opposition when the smoke clears". Regarding energy, the Kirchnerist position, according to Lacunza, is "freeze rates, take photos of gas pipeline models and blame Edesur when…

The arrival of web 3 will end a significant change in the way that the content creators they can share and monetize their work. Unlike web 2, where centralized platforms controlled content ownership, the new one came to democratize and decentralize, allowing anyone who generates content the opportunity to find audiences and earn direct profits on their original creations. Thus, the so-called "creator economy" has grown exponentially in recent years, mobilizing millions of dollars. The data shows this growing phenomenon: Approximately 3% of the global population is already viewing content, which represents around 240 million people. Furthermore, around the 1%…

ANSES, together with the Ministry of Education of the Nationinforms that from tomorrow July 14 and until August 31 moved registration open for the second call of the year for the Progresar Scholarships in all its lines: Progress 16 and 17 years; Progress Required; Progress Higher; Progress Nursing and Progress Job. It is worth remembering that in the last few hours The government ordered a new increase for progresar scholarshipsque starting next month they will be 20 thousand pesos, includes a plus for connectivity, 80 percent is charged monthly and the remaining 20 percent, at the end of the period,…

Negotiations with the International Monetary Fund (IMF) continue and there is uncertainty in the Ministry of Economy about when the trip to Washington by a delegation to close the agreement will take place. With tickets in hand, the delegation made up of the Vice Minister of Economy, Gabriel Rubinstein; the head of Advisors, Leonardo Madcur and the second vice president of the Central Bank, Lisandro Cleri, among others; does not yet have a flight date and time to the United States for meetings with the staff of the Fund. According to senior sources at the Palacio de Hacienda, the dispute…

The National Social Security Administration (ANSES) continues payments stipulated for the calendar for the month of july Today, Wednesday July 12the ANSES payment dates begin, corresponding to charging all ID ending in 2 of the following benefits: retirees and pensioners that do not exceed the minimum wage, Universal Child Allowance and Family Child Allowance, Pregnancy Allowance and Single Payment Allowances. What about the "very good news for retirees"? How does the ANSES payment schedule continue for the following benefits? The ANSES calendar provides for the payment of social security programs on the following dates: Collection dates of Universal Child Allowances…