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Macri: Fiscal balance is 'poor quality' due to lack of infrastructure investment
๐Ÿ‡ฆ๐Ÿ‡ท Argentina /Economy & Trade

Macri: Fiscal balance is 'poor quality' due to lack of infrastructure investment

From La Naciรณn · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

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  • Former Argentine President Mauricio Macri criticized the current fiscal balance as "poor quality" because it lacks infrastructure investment.
  • He advocated for a foreign policy prioritizing economic opportunities over ideological alignment, urging for stronger judicial independence and transparency.
  • Macri also highlighted the importance of international trade agreements and Argentina's potential accession to the OECD to attract investment.

Former Argentine President Mauricio Macri delivered sharp remarks at the Argentine Construction Chamber's annual convention, criticizing the current government's fiscal balance as "poor quality." He argued that true fiscal health requires investment in infrastructure, not just austerity measures. Macri also called for the appointment of "the best judges," emphasizing the need for judicial independence and transparency.

The fiscal balance is of poor quality because there is no investment in infrastructure.

โ€” Mauricio MacriCriticizing the current government's fiscal policies.

Macri advocated for a pragmatic foreign policy, suggesting that Argentina should prioritize economic opportunities over ideological alignments. "Foreign policy must serve the country's growth, not ideological debates," he stated. He pointed to the need to balance cultural ties with the United States with crucial trade relations with China, which he noted is a major market for Latin American resources.

Foreign policy must serve the country's growth, not ideological debates.

โ€” Mauricio MacriAdvocating for a pragmatic approach to international relations.

"Policy should not alter something that generates a flow of trade for ideological reasons," Macri summarized, calling for foreign policy to transcend government changes. He celebrated strategic agreements like Mercosur-EU and reiterated his call for Argentina to join the OECD to bolster anti-corruption efforts and attract investment. Macri also stressed the importance of physical connectivity, linking production centers with ports and commercial terminals as essential for national development.

When you are not leading, as Latin American countries are not, our priority must be how we get work for our people.

โ€” Mauricio MacriDiscussing economic priorities in foreign policy.
DistantNews Editorial

Originally published by La Naciรณn in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.