Keeping the economy balanced and moving forward is central to Argentina's development. There are countries with macroeconomic stability that never developed — but no country has developed without it.
Equally essential is the sustained growth of the financial system. Without financing, investment and productive transformation are impossible. Financial inclusion must be paired with instruments that channel savings into strategic productive projects: expanding access to credit and directing resources toward innovation are two sides of the same development policy.
Macroeconomics can no longer remain an endless emergency drill. It must become the foundation of a coherent development strategy.
Stability is not an isolated goal: it is a prerequisite for sustained productive development, timely social policies reaching those in need, and a state capable of going beyond crisis management.
Argentina needs economic stability. Over the past 15 years, inflation has never fallen below 20%, hitting 290% annually in 2024. Since 2000, the country has faced multiple currency crises and interrupted cycles of growth. Uncertainty has become a structural drag: it limits opportunities for investment and innovation, constrains the capacity of families, businesses, and communities to act, hinders planning and the sustainability of public policies, and erodes living conditions. There are countries with macroeconomic stability that never developed — but no country has developed without it.
Stability is not merely an accounting objective; it is an essential condition for development. Fiscal surplus alone is not enough: it is necessary to rebuild trust in our currency, modernize the tax system, expand access to credit, and ensure reliable State financing.
Lasting stability starts with a sound currency, because without it, no development project is feasible. That is why we work on proposals to restore the currency and reduce inflation in a sustainable manner. Such a multi-causal problem requires nothing short of a comprehensive approach.
For this reason, we have designed a federal tax reform considering the system as a whole. A simple, progressive, and less distortionary system can generate the resources the state needs to fulfill its functions, while promoting competitiveness, encouraging formalization, and strengthening the fiscal commitment of those who sustain the economy day by day.
Equally essential is the sustained growth of the financial system. Without financing, investment and productive transformation are impossible. Financial inclusion must be paired with instruments that channel savings into strategic productive projects: expanding access to credit and directing resources toward innovation are two sides of the same development policy.
Macroeconomics can no longer remain an endless emergency drill. It must become the foundation of a coherent development strategy.
Stability is not an isolated goal: it is a prerequisite for sustained productive development, timely social policies reaching those in need, and a state capable of going beyond crisis management. These are the challenges before us today.
