(April 30, Buenos Aires Chinese Press, Huang Dong) On Wednesday, President Milei delivered a speech at the economic conference of the 2025 EFI Expo, emphasizing that "we have completed the stabilization phase and it is now time for economic growth." He also believed that "it doesn't mean everything is perfect."
Milei said, "Fiscal balance has always been key." At the same time, he pointed out that "the inflation rate is still high," but "it will disappear by next summer, and now is the time to start growing."
Milei criticized again the idea of "exchange rate lag": "Some people are still talking about exchange rate lag. When the dollar was liberalized, it is now increasingly approaching the lower limit of the range (1000 to 1400 pesos floating freely)."
Milei emphasized the importance of abolishing exchange rate controls: "We have lifted the exchange rate restrictions because freedom is non-negotiable. The policies of this government will be guided by morality... Political stinginess will say that we would not have abolished the exchange rate controls this election year, that we would not take risks." (But we did it.)
Milei said, "We will not stop until Argentina becomes the freest country in the world." "We are getting out of trouble because we have taken up Western values again, and we will transform into a world power within the next 30 years." "Zero deficit means no more borrowing, and I am committed to maintaining fiscal balance." "As the economy grows, we will reduce taxes." "We will eliminate inflation." "We are making Argentina great again."
Original source: https://www.toutiao.com/article/7499401180594913804/
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