Ad Here  
Meet Prof. Hot Chips A strong diversified base to build Proof of identity to millions… Crafting the big Plan Dr Stefan Weckbach: FTA will help step up investments, trade... The Brit connection continues Insure your way forward Why this gross under-performance? Crafting the big Plan Health for all... A big bite Shift industries to the sea! Reviving growth... Tasks for the new government No deficit financing here! Focus on increased penetration Sustainable development need of the hour Why are we NOT IN THE RACE? Crafting the big Plan Crafting the big Plan Mobility solutions will drive the auto industry Bali in UN nutrition panel Crafting the big Plan Light at the end of the tunnel Groupon kicks in... Software to assess risk Welcome Walmart The two levels of reforms Fighting financial frauds A good idea. It can turn sour if disruption continues to linger on... NIA targets premium income of Rs 12,000 crore Coming up: a BRICS currency? Ban gold imports Not many keen to pursue research...
No deficit financing here!
Excerpts from an interview with San Luis Governor Claudio Javier Poggi

Industrial Economist (IE): How do you manage a debt free budget after providing free laptop to all students from pre-kindergarten to post-graduation, full city wi-fi and affordable housing to almost 50 per cent of the population?

Claudio Javier Poggi(CJP):
San Luis Province is very competitive in economic activity and is socially inclusive. In line with our policy of digital inclusion we have given laptops to all and made the full province wi-fi connected. First, we did all the connectivity and then we gave the laptops beginning from the primary schools in the province to the post graduate students, so that students in the small towns have the same opportunity as students in the metro.

Housing is provided through an economic redistribution policy. It is very difficult in Argentina for the common man to own a house through bank credit. The government builds the houses, offers  these for  buying on mortgage of 25-30 years. This ensures that we don’t have slums and this is also one of the ways to bring investor to the province. Our budget size is a thousand million dollars and by law 50 per cent of this goes directly to investment in infrastructure. We ensure that we don’t spend more than what we have. We passed through a lot of crises and today we are a stable economy. But inflation is still high at  around 25 per cent. 

40 per cent of San Luis economy is contributed by industry, 20-30 per cent by services and 30-40 per cent by agriculture.

IE: In what areas do you think India and Argentina can collaborate?
CJP: we are a 40 million people market for India. With very good natural resources, San Luis has a strong food processing industry which can help India in addressing its food security needs.
Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236