1) Unlike de la Rúa, @mauriciomacri is free of #IMF pressure to speed deficit reduction (though @Lagarde has said she’s comfortable with the pace of spending cuts). #Argentina
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2) But @mauriciomacri is not entirely free of outside pressure, as international investors have grumbled that the “government had not been cutting spending quickly enough,” @nytimes reported. https://www.nytimes.com/2018/05/04/business/economy/argentina-economy-interest-rates.html … @dpoliti
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3) As a result, in addition to interest rate hikes, @MinHaciendaAr cut the deficit target to 2.7% of GDP from 3.2%, even as opposition to reductions to public subsidies for natural gas, public transportation and electricity crescendoes.
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