Kiciloff: 'Argentina has stronger financial support than other countries'

Economy Deputy Minister Axel Kicillof, along with Economy Secretary Juan Carlos Pezoa and Finance Secretary Adrián Cosentino, was presenting today the main guidelines for next year’s Budget bill to the Lower House Budget and Finance Committee.

During his speech at the House, the official stressed Argentina’s resilience to the international economic crisis by saying the country had “ stronger financial support than other countries.”

Kiciloff made an appeal for the Congress “to take into consideration the seriousness of the world crisis situation”

The Deputy Minister also stressed the country was prepared to go to great lengths to shield itself from the international recession.

“Our country will adopt tough policies to guard the nine years of economical achievements we have had,” Kiciloff said before the Committee.

The Budget bill was being discussed in the Lower House building annex and the officials — who joined Economy Minister Hernán Lorenzino when he presented the bill last week — were explaining the basis of the 2013 Budget.

During last week presentation, Lorenzino just unveiled some gross facts of the draft bill such as a forecasted growth of 4.4% for next year, as well a forecasted annual inflation rate of 10.8%, a US dollar exchange rate around 5.10 pesos, and a country’s trade surplus of 13.32 billion dollars.

Likewise, the Minister had confirmed the continuity of the government’s policy of meeting all debt payments by using the foreign currency reserves of the Central Bank.

The meeting was being moderated by Kirchnerite Deputy and committee’s head Roberto Feletti.