Friday, October 3, 2014
Capitanich assures Argentina will meet debt payments comfortably
Amid a legal battle with vulture funds and US judge Griesa's rulings blocking Argentina's payments to creditors, Cabinet Chief Jorge Capitanich today assured next debt payment deadlines will be met while predicting a drop in the level of indebtment until 2023.
"The 2015 Budget establishes the strategy to obtain financing for 2015 debt payment deadlines over 10 billion dollars," he said in his morning press briefing.
He added the "perspective" of the execution of financing plans for major public works such as the Belgrano Cargas reactivation or the construction of Néstor Kirchner and Jorge Cepernic dams remains "intact."
"Foreign currency will enter the domestic market for energy, transport and the country's development," he stated and added: "if the energetic issue is excluded from the 2015 Budget, there is financial surplus.
The head of ministers went on to say Argentina's "financial autonomy" allows the country to face the coming payment deadlines comfortably.
"The 2015 Budget establishes the strategy to obtain financing for 2015 debt payment deadlines over 10 billion dollars," he said in his morning press briefing.
He added the "perspective" of the execution of financing plans for major public works such as the Belgrano Cargas reactivation or the construction of Néstor Kirchner and Jorge Cepernic dams remains "intact."
"Foreign currency will enter the domestic market for energy, transport and the country's development," he stated and added: "if the energetic issue is excluded from the 2015 Budget, there is financial surplus.
The head of ministers went on to say Argentina's "financial autonomy" allows the country to face the coming payment deadlines comfortably.
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