More Chainsaw? How Will Caputo Arrive at the Primary Surplus of 1.6% that Was Set for 2025

Luis Caputo recognizes that the chainsaw, emblem in this first year and a half of Javier Milei's government, will not be able to sustain the pace of adjustment of 2024. Although it raised the primary surplus target for 2025 from 1.3% to 1.6% of GDP, the Minister of Economy recognizes that the cut in spending will not be able to be maintained five percentage points per year. Therefore, in 2025 and onwards, it is committed to economic growth and t…