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Kicillof Blasts Milei Over Exchange-Rate Policy After INDEC Shows Tourism Gap

The Buenos Aires governor points to November INDEC data to argue an exchange-rate lag is distorting travel flows, hurting provincial economies.

Overview

  • INDEC reported November foreign arrivals fell 2.7% to 491,400 as departures by Argentine residents rose 15.3% to 763,800, a deficit of about 224,000 travelers.
  • Citing those figures, Axel Kicillof called the national policy “a disaster” and labeled the government’s economic approach “permanent improvisation” that has “changed 30 times.”
  • He argued wages and pensions are being reduced, resources to provinces cut, and public works halted as part of the current program.
  • Kicillof asserted the U.S. Treasury pulled back support after recent legislative elections, leaving Argentina more exposed to IMF guidance, presenting this as his view.
  • He said his Movimiento Derecho al Futuro meetings are not a campaign launch but the start of building an alternative to Javier Milei for 2027.