| | |  Editorials | Issues | October 2008 
Calderón Vows Economy will not be Paralyzed, nor Jobs Lost
 Presidencia de la República
go to original
| | The economy will not be paralyzed, nor will there be job losses, declares President Felipe Calderón. | | |
Mexico City - In a message on national television, President Felipe Calderón declared this week that Federal Government has significant scope for maneuver to cope with the international economic crisis and prevent it from paralyzing the Mexican economy or causing massive layoffs.
In his address to the Mexican people, the President said that the Mexican financial system is solid and that large sums of money in various stabilization funds have been saved, which will enable it to cope with the adverse international financial situation.
"We will definitely have problems, but we have the will and above all the resources to cope with and overcome them. We will have difficult times, but I can assure you we will come out on top," he declared.
President Felipe Calderón explained that he submitted a series of proposals to Congress yesterday to rectify the estimates for the Mexican economy next year and above all, to stimulate economic growth and prevent the loss of jobs.
The measures, he said, are:
First. To increase government spending on infrastructure.
Second. To change the rules for making this expenditure.
Third. To build a new refinery for Petróleos Mexicanos.
Fourth. To boost small and medium-sized firms.
And fifth. To accelerate tariff deregulation and reduction.
As part of the first measure, he instructed legislators to invest additional resources of approximately $50 billion pesos in various areas such as highway, educational, energy, health, public security, agricultural, railway, sports and cultural as well as tourist infrastructure.
As a second measure, he said that efforts would be made to reduce paperwork and ensure that works are begun and completed on time. The third consists of building a new refinery for the first time in nearly 30 years with resources saved in Petroleos Mexicanos’ Special Investment Fund.
The fourth measure, explained President Calderón in his address, is the implementation of a series of actions to provide additional support for small and medium firms, the main creators of jobs, while the fifth and last measure attempts to deregulate and simplify paperwork for firms so that Mexicans can have access to more products at better prices and of better quality.
Lastly, President Felipe Calderón said that the Program to Promote Growth and Employment is a timely, determined response by Federal Government to successfully deal with the difficult economic situation.
"It will take time to reverse this international crisis, but we will face it with this program and once the difficult moments have passed, our economy will be stronger, create more jobs and grow more quickly," he explained. |
|
| |
Vallarta Weddings
Tell a Friend
Site Map
Print this Page
Email Us