An adjustment for the future

In order to stay within the framework of compliance with this type of obligations, which are incorporated by multilateral organizations, countries that have a policy that seeks to reduce public spending - at any cost - become attractive ground for investors who are in search of issues with a certain level of risk and that justify a good return for their portfolios. Meeting internationally parameterized criteria attracts global investors. It also anchors expectations and ensures, in a way, a risk level for the country.

If a state "reduces its spending", even if it is theoretical, the private sector also tries to do so and, to a lesser extent, the individual does the same.

In the midst of an unprecedented crisis caused by the pandemic, a large percentage of the world's population fell into a zone of poverty and extreme poverty. A poverty that contrasts with the amount of value that was concentrated in a few sectors, which did not need the massive presence of their collaborators and were able to work from home, receiving their salary without fail. To this must be added all the aid provided by governments in all its forms, which made it possible to facilitate savings. For this reason, it can be said that an excess of liquidity was obtained that was not destined for specific spending.

Some people saved, others helped family and friends. Others spent on home remodeling, car repairs and were able to keep a reserve for the "rainy season". Now, with the pandemic not over, we are ad portas of a possible war in Eastern Europe, the immediate consequences of which we cannot anticipate.

When efforts are made by public or private companies to sustain employment, the least a family should do is to prioritize their expenses and save. Saving makes it possible to project future expenses and a desired retirement.