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In Lower House address, Capitanich blasts 'concentrated economic groups'

Cabinet Chief Jorge Capitanich addresses lawmakers at the Lower House.

Cabinet Chief Jorge Capitanich has adressed the Lower House for the third time on the government’s administration of the country’s affairs. This time around, opposition blocs did stay at the House and listened to the head of ministers.

Defending the anti-hoarding project sponsored by the federal government, Capitanich renewed this morning’s criticism when he blasted “concentrated economic groups” during his daily briefing to the press at the Casa Rosada presidential palace.

“Economic concentration,” the official warned, “affects the process of price formation due to the action of monopolistic and oligopolistic groups.” The cabinet chief vindicated government intervention policies and the “regulatory capacity of the state” so that the “ends of the chain – producers and consumers – don’t get affected.” “It must be clear there will be no incorrect interventions.”

Capitanich also highlighted social inclusion policies the federal government has carried out since 2003 affirming such measures led to “a strong reduction of structural poverty,” and stressed the “improvement in income redistribution” with “convincing results” in social inclusion, unemployment and indigence reduction areas.

Following Lower House rules, the Cabinet Chief had one hour to adress lawmakers and blocs where then allowed to introduce their questions to the Capitanich.

However, lawmakers were able to send their queries to Capitanich yesterday, already receiving answers today. Therefore, with no questions being made on the floor, parties had the chance to speak back.

The Radical Party had 30 minutes to speak, while the Renewal Front and the PRO party were given 25 minutes each. The FAP coalition, meanwhile, got 20 minutes while the Civic Front of the Santiago del Estero province and the Federal Commitment and UNEN blocs had 10 minutes.

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Tags:  Cabinet Chief  Jorge Capitanich  concentrated economic groups  Lower House  opposition  address  





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