April 23, 2014
Friday, December 27, 2013

Kicillof rejects 'pseudo-currencies' allegations

Governors and federal authorities gathered today at the government house to sign an agreement that will allow the refinancing of provincial debts every three months. Praising the accord, Economy Minister Axel Kicillof explained the coparticipation funds the national administration transfers to provinces have jumped to more than $220,000 million pesos in 2013 while in 2003 they were of $20,000 million pesos.

Kicillof added that figures should reach $632,000 million pesos if considering subsidies and other allowances and funds received by provincial administrations.

The recently appointed head of the Economy Ministry took the opportunity to condemn as well the statements by Corrientes province governor Ricardo Colombi (UCR) who suggested the printing of pseudo-curriencies to meet provincial obligations.

Axel Kicillof considered there is “no economic, fiscal or financial base” to issue “pseudo-currencies”.

Today’s meeting was headed by Cabinet Chief Jorge Capitanich who was the first to blast Colombi’s remarks yesterday calling them “an exaggerated outburst.”

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Tags:  Axel Kicillof  pseudo-currencies  Ricardo Colombi  Corrientes  

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