In Somme, the Minister of Economy relativized the negative number of the current account. It is due to the growth of investment and imports, he said.
The Minister of Economy, Luis Caputo, relativized this Friday the current account deficit for US $ 5,000 million in Congress We are SME. “It is absolutely reasonable and even healthy for an economy that is growing at 6%”justified. He also defended official policies.
As explained by the minister, the external deficit is due to the growth of investment and the recomposition of capital in a “totally recapitized” economy. Part of this negative balance of the first quarter is directly related to the advancement of the imports carried out by the companies after the relaxation of the exchange rate.
“We said that we were going out of exchange restrictions when it was not a stress situation for people. And we leave. There was no stress. The dollar fell, “Caputo said.
In the La Rural site, the minister reiterated that “this time is different” to defend the economic course of the government. “This time it will work. In Argentina there was never a macroeconomic order by political decision. Ours is a sophisticated program at the monetary, financial and fiscal level, ”he said.
The message to SMEs: “The protagonists of this story are you”
During his participation in Sommes, the minister reiterated adjustment and deregulation as one of the main policies of promotion of the economy. To small and medium entrepreneurs asked them “to be more efficient” and “invest”.
“We are going to lower taxes already deregulate. We ask you to begin to think about being more efficient and investing. The protagonists of this story are you, in particular the SMEs. There is a long way to go as the labor reform, ”he said.
Source: Ambito
