‘Our macroeconomic variables are very good,’ Boudou says

Economy Minister Amado Boudou rejected inflation criticism and assured that all of the macroeconomic variables of the country are “very good.” He also indicated that surplus and the accumulation of reserves “should maintain themselves with time.” The candidate to vice-president for the Victory Front bloc showed his “pride” to stand alongside President Cristina Fernández de Kirchner in her run for re-election.

“When one looks at the macroeconomic variables in their totality, Argentina is doing very well and it’s because of this that it continues to grow, for the eighth year in a row,” he sustained.

Boudou assured that the “fiscal and trade surplus, and the accumulation of reserves at the Central Bank will remain.”

“This will allow us to keep increasing the investment, generating employment and guiding this new Argentina,” he continued.

The minister told the press that by December 10 (the date in which the president-elect begins his administration) Argentina will be a country with “growth and employment generation.”

“This Argentina will also count with a great agrarian production, because the farming sector is doing well, it’s been industrialized, which is the strong fact in this stage,” the minister highlighted.

Boudou reminded that “the Renault reported to the President on Thursday a 400 million pesos investment for the manufacture of a new car in Argentina and that by September 2012 it will be on the streets, as Fiat, Volkswagen and General Motors have already done.”