Daniel Artana, an economist at Fiel, once explained what Mauricio Macri did in December 2015 by stating that he got out of the stocks the day the newspapers reported that he did. This move was significant as it signaled a departure from the restrictions put in place during the time of Néstor Kirchner and set the tone for Macri’s economic policies. On the other hand, Javier Milei has been more cautious in his approach to getting out of the stocks. While he promised to do so quickly, he has not followed through on that promise. This has left many entrepreneurs and CEOs wondering when the restrictions will be lifted.
The government has hinted at a potential delay in lifting the stocks, citing various reasons such as the need for financing at negative rates and concerns about the sustainability of government debt if rates turn positive. Economists have also highlighted the benefits that the government has derived from the stocks in terms of financing and liquidity, making it a complex decision to fully dismantle the controls. Several studies have supported the argument for a gradual release from the stocks, emphasizing the need for caution and careful planning to avoid potential negative consequences.
Economists believe that a phased approach to lifting
