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The OECD calls on Argentina to reduce the fiscal deficit to sustain indebtedness

The Organization for Economic Co-operation and Development (OECD) today released a multidimensional report on Argentina in which it called on the southern country to deepen its Reduction of the deficit to maintain the sustainability of external debt.

Buenos Aires, July 27 (EFE) .- The Organization for Economic Cooperation and Development (OECD) today released a multidimensional report on Argentina in which it asked the southern country To deepen its objectives of reducing the deficit to maintain the sustainability of external indebtedness.

The "Multidimensional Economic Study of Argentina" of the organization Was presented during a press conference in Buenos Aires by the director of the entity, Gabriela Ramos, who was accompanied by the finance minister of the South American country, Nicolas Dujovne.

According to the document, the measures to reduce inflation and the fiscal deficit were adequate, but the Government should allow temporary deviations from the Upward or downward targets "when growth disappoints or surprises on the positive side."

In the first quarter of this year, Argentina recorded a fiscal deficit of 0.4% GDP, within the target set for this year, which according to the forecasts of Finance will be below 4.2% and around 2.8% by the end of 2019, when the term of office of Mauritius Macri.

Ramos congratulated the Macri government's reforms since its inauguration in December 2015, but warned that they should be deepened and made sustainable in the Time to deliver real results and raise the country's per capita GDP by 15 percent in ten years. Who knows best. Research and development.

In addition, he noted that one of the main recommendations of the report is that macroeconomic reforms should be accompanied by support to the sectors Most vulnerable in society, especially in a country like Argentina, where, he recalled, poverty affects 30% of the population.

Ramos warned that building a system Sustainable macroeconomic policy is imperative to achieve this goal and to avoid crises that traditionally end the periods of economic growth in Latin America.

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