Regarding the restrictions, Massa asserted that they are measures to protect the productive sectors, and not those that make “timba or rollers.” However, the industrialists complained about the delays in authorizing some imports that are necessary for production.
He also warned that “the stabilization process has not yet finished. We have to finish strengthening our level of reserves. I believe that we have to advance more in the measures that finish guaranteeing that we have fiscal order.”
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On the other hand, the Minister of Economy said that he is working with Banco Nación to enable “a mechanism” so that “all those sectors and actors that have credit capacity in Argentina but do not have access to international credit markets” can access to financing.
“What we do is collateralize guarantees to give financing from the United States and from Spain (through Banco Nación) to those who need to import from the European market and from the United States,” he said this afternoon when participating in the UIA Industrial Conference in Buenos Aires Parque Norte.
Massa announced that he will change the Comprehensive Import Monitoring System
The Minister of Economy, Sergio Massa, said that in the framework of “taking care of reserves” the Government had “the responsibility to change the Comprehensive Import Monitoring System (SIMI)”, when participating in the 28th Industrial Conference organized by the manufacturing entity in Parque Norte in the city of Buenos Aires
The Minister pointed out that the change was due to the need to “have a system with traceability” and that there was also a “festival of injunctions against the system” for which “until the end of the year we had pending requests for 39,000 million dollars in imports” and “everyone knows that this number is not what production needs to work, it had to do with accumulated orders, precautionary measures”.
The Minister of Economy advocated the “accumulation of reserves” and “fiscal measures”
Sergio Massa advocated this Thursday for “finish strengthening our reserve accumulation program and advance in fiscal measures, understanding that they are principles that have to govern in Argentina, whoever governs.” “We need to add more value when exporting so that it allows us to balance and strengthen our reserves,” said the minister.
Massa responded to opposition criticism of the budget
The opposition accused the minister of trying to leave a bomb that is going to explode soon and in reference to that, the head of the Palacio de Hacienda revealed: “In private, the Cambiemos economists do not tell me the same thing. I even experienced some situations of recognition for the courage to present details in the Budget project”.
The sale of Argentine gas to Chile returns
The Minister of Economy announced the return of gas sales to Chile with firm contracts and hoped to reverse the energy account from the increase in exports with the development of Vaca Muerta. “Only with the perforations or fractures that are going to start up next year to fill the Néstor Kirchner Gas Pipeline, which is going to be finished on June 20, will it allow us that in 2025 the oil account, of petroleum, that today is negative for Argentina, becomes positive, not at today’s prices but at historical prices,” Massa said this afternoon.
In addition, the head of the economic portfolio announced that “on Monday the return of firm contracts for gas exports to Chile will be signed, which will allow us to increase gas export volumes in the summer.” To this will be added the Néstor Kirchner gas pipeline, which next year “will allow us to save US$2.7 billion in LNG imports,” he added. “We are seeing if we can find a window of opportunity but it is not easy because the world is killing itself for energy; energy is going to be one of the world’s great battles in the next 10 years,” Massa completed.
A message to industrialists: “Dollars are for production and work”
The Minister of Economy, Sergio Massa, ratified today the decision of the national Government to take care of the reserves and allocate them “to work and production, not to speculation”, when speaking before businessmen at the 28th Conference of the Argentine Industrial Union (UIA). ). “The stabilization process is not over yet. We have to continue strengthening the accumulation of reserves and advance in fiscal measures to show that the first gesture of austerity is being made by the State”, Massa pointed out before an auditorium filled with factory leaders. “We need to put more value added when exporting so that it allows us to balance and increase our reserves,” Massa remarked.
Source: Ambito
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