Boudou highlights foreign debt reduction in last day as acting President

In his last public appearance as acting President, Vice-President Amado Boudou announced the figures of 2011’s fiscal surplus and gave a heated defence of the Kirchnerite model. He urged people to understand the figures of the economy within their context, recalled that President Cristina Fernández de Kirchner governed without a Congress-approved Budget in 2011 and stressed that funds destined to the foreign debt reduction dropped to “14.1 percent of the GDP.”

“The figures are impressive because during 2011 the foreign debt represented 14.1 percent of the GDP, while in 2002 it represented 166 percent of the GDP and this has been possible due to growth policies,” the Vice-president said, alongside Economy Minister Hernán Lorenzino and Treasury Secretary Juan Carlos Pezoa.

In his last rally as acting President, Boudou announced that the fiscal surplus reached close to $5 billion pesos in 2011 and that the economy grew 9.2 percent.

At midnight, President Cristina Fernández de Kirchner’s medical leave of absence is over and she will resume her duties in the morning. She will head a rally in the Government House and is expected to be accompanied by Governors, lawmakers, ministers and human rights activists.