Day: 5 September 2018

Argentina presents a Plan to Eliminate a budget Deficit. Argentina has given plans to eradicate government budget shortfalls next year completely. With this, the government seeks to resolve the crisis around the Argentine peso.   The Argentinian Minister for Economic Affairs, Nicolas Dujovne, proposed to raise the taxes on exports on Monday. In earlier plans, the government would still have a deficit of 1.3 percent of the gross domestic product in 2019. Last week, the peso ended up in a free fall. In one day the currency dropped 15 percent in value. Since the start of this year, the peso has decreased 52 percent against the dollar. We know it's a bad load The Argentine president Mauricio Macri puts on the fines. "We believed with too much optimism that we could resolve the prob...