Macri Moves to Fix Financial Crisis

President Macri announced new economic measures, including halving ministries and introducing export taxes, aiming to eliminate the fiscal deficit by next year and achieve a surplus by 2020. These measures are intended to boost investor and public confidence amid recent economic instability. Investors have long awaited such reforms, moving away from gradualism to more immediate actions. Upcoming events include meetings with the IMF for early disbursements and budget discussions, which will test the government's ability to implement spending cuts without a congressional majority.

What is one of the key goals of the new economic measures announced by President Macri?

• To increase the number of ministries

• To introduce new import taxes

• To achieve a fiscal surplus by 2020

• To decrease investor confidence

How are investors reacting to the new economic measures?

• They believe it will increase government spending

• They are indifferent to the changes

• They see it as a move towards gradualism

• They are concerned about the timing of the reforms

What significant shift in economic strategy is being observed with the new reforms?

• From shock therapy to gradualism

• From gradualism to shock therapy

• From fiscal surplus to deficit

• From investor confidence to public distrust

What is the purpose of the upcoming meetings with the IMF?

• To discuss increasing the number of ministries

• To negotiate earlier disbursements from a credit line

• To introduce new import taxes

• To eliminate the fiscal deficit by 2020

What political challenge will Macri face in the upcoming budget discussions?

• Introducing new ministries

• Agreeing on spending cuts without a majority

• Gaining a congressional majority

• Increasing government spending