Fiscal Balance with Recession: the Trap of Poorly Executed Adjustment

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The national government achieved fiscal balance; however, the problem is not the objective itself, but the way in which it was achieved: a cut without planning or productivity criteria that deepened the recession, an indiscriminate adjustment that weakened the economic structure impacting wages, public works, education, provinces and the productive system, and that leaves serious questions about the sustainability of the surplus in the medium te…