April 25, 2014
Sunday, December 8, 2013

De Vido confirms removal of utility subsidies: 'For those who can afford it'

Federal Planning Minister Julio De Vido has confirmed that the government is looking at the eventual removal of utility subsidies for high-earning sectors of the population, although he denied that a removal of funds would lead to a sharp rise in prices.

"In the last 10 years, the govenment has been taking away subsidies from those who can afford to pay. We have gone forward on this logic, but what we are not going to change is our policy," the politician asserted.

"Do not expect a price explosion nor an indiscriminate removal of subsidies, because that is not our policy. What we will analyse is who can pay their bills without subsidies and we will begin to remove them.

De Vido recognised that the number of households that volunteered to remove subsidies for gas, electricity and water services was disappointingly low. However, the minister vowed to continue with the removal.

"Reductions to subsidies for those sectors who do not need them will be evident. But in any case, the rates in Argentina, even without subsidies, are among the lowest in Latin America," he remarked.

De Vido added that avoiding power outages during the summer months was a top priority.

"If I was to say that there will be no problems, I would be a psychic. What I will say is that, given the state of facilities and the power capacity we have, there should not be problems, but if there are two tornadoes a week it will be different," he stated, before assuring that electricity companies would pay for loss of services.

"Every time there is a power cut, there will be a fine. There is zero tolerance on this," he fired.
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Tags:  De Vido  power cuts  subsidies  utilities  

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