He also stressed that “this is a totally different model from Macri’s” in terms of industrial development and job creation.
“Instead of destroying employment as happened with Macri, who destroyed 169,000 jobs for us, this model creates employment with 50,000 more than before the start of this government,” said the official.
Kulfas highlighted that “15 of the 16 productive branches were in clear growth compared to 2019”, with some of them “with historical records”.
“The agricultural machinery sector had the highest production so far in the 21st century, something similar in the production of bricks, and cement is very close to the historical level of 12 million tons,” explained the minister, who also stressed the growth of the automotive and food sectors.
Industrial activity closed 2021 with an accumulated increase of 15.8% compared to the previous year, while construction in the same period had an increase of 30.8%, and both sectors reached 14 consecutive positive months, as reported yesterday by the Indec.
In the case of industrial activity, 2021 closed with a rise of 15.8%, the first year in green after three years in decline; and accumulates 14 consecutive months of growth.
“In the case of the industry, we had the best December in the last five years,” celebrated Kulfas, who also indicated that the sector exhibited “growth of 7% compared to 2019 and even a slight rise compared to 2018.”
“What we are seeing is that this year the sector continues to grow and demand credit to be able to invest, buy inputs and continue producing,” added the minister, who recalled that “when we started the government, an SME was financed at rates of 80% and 90% unviable to invest”.
On the other hand, he indicated that “today there is credit at subsidized rates below 30% that allow many SMEs, for the first time in their history, to request investment loans with a longer term.”
The minister also valued the sectoral agreements, such as those reached in the automotive sector, where they sought to “reduce the trade deficit, export more and that the cars manufactured have more national content.”
“Today we are with productive projects with national content of about 40%, when, at the beginning, we had less than 20%, and we have more export propensity, with about 60% of what is produced for the foreign market,” Kulfas explained.
Regarding investment, he pointed out that there are “dozens of sectors where it is already reaching very important levels.”
“Not only did it recover compared to 2020 but also in 2019 and 2018,” said the minister, and he exemplified those carried out in mining (for US$10,000 million), alternative energies and the construction sector, whose projections “indicate that this year will continue and deepen”.
Finally, he assured that the industrial salary and, in general, in all sectors, “ended a good year”, and affirmed that it beat inflation, although he acknowledged that it was “by very little”.
“We need him to win by more because we have to recover the 20-point drop that occurred during the Macri government,” Kulfas said, noting that, in that sense, the “bet is that this year inflation can be reduced,” to through “macroeconomic policies and the contribution of the Ministry of Internal Trade”.
Source: Ambito
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