Juan Manuel Olmos warned about unemployment levels and urged Peronism to create an economic alternative with fiscal order
Juan Manuel Olmos criticized President Javier Milei's economic program, warning about rising unemployment and urging the Peronist party to develop a fiscally responsible alternative.
Juan Manuel Olmos, the President of the General Audit Office of Argentina, has publicly criticized the economic program of President Javier Milei, raising concerns over the significant increase in unemployment and the closure of businesses. During an appearance on the program 'Odisea Argentina' on LN+, Olmos analyzed Milei's recent address at the opening of legislative sessions and expressed that the Peronist party must construct an economic alternative that focuses on fiscal order and productive development.
Olmos detailed alarming statistics, emphasizing that from November 2023 to November 2025, the country is expected to lose about 278,000 registered jobs and witness the shutdown of around 22,000 businesses. He highlighted the low industrial capacity utilization rate, which currently stands at just 53.8%, as a further indicator of the economic distress facing Argentina. These figures underline the urgent need for effective economic policies and a strategic approach to job creation and business sustainability.
In the context of the upcoming 2027 elections, Olmos also discussed potential candidates within the Peronist coalition and their prospects, suggesting that the party needs to evolve and respond effectively to the current economic challenges. The call for a coherent fiscal strategy reflects broader concerns about Argentina's economic health, with implications for both the populace and political dynamics as they gear up for future electoral contests.