May 25, 2013
'Debt does not put the solidity of our macroeconomy at risk,' Lorenzino
During the presentation of the 2013 Budget bill put forward to lawmakers in the Lower House of Congress today, Economy Minister Hernán Lorenzino put relief on the debt policy impulse by the national government, affirming that “debt is not a variable that puts the solidity of our macroeconomy at risk.”
Likewise, Lorenzino detailed the government's continuation of the strengthening of the domestic market and welfare investment.
The gross domestic product (GDP) is expected to grow by 4.4 percent, while inflation is expected to rise by 10.8 percent. 7.9 billion dollars will be used to pay off debts and the dollar is expected to trade at AR$5.10.
The presentation took place in the Delia Parodi Salon inside the Lower House, where the Economy Minister shed light on the government’s economic plans for next year, before deputies that form part of the Budget and Treasury committee in the Congress, led by Roberto Feletti of the Victory Front caucus.