President Cristina Kirchner revealed her expansive, and expensive, massive public spending plan to insert more than 21 billion dollars into the Argentine economy. Aimed at countering both the effects of the global financial crisis and predictions that Argentina’s economic growth will slow from 6.5 to 4 percent in 2009, the plan focuses on infrastructure. Kirchner was quoted as saying in an AFP article, “There are public works that call for (intensive) manual labor. Works that will mean hiring more than the 362,000 workers currently in the building sector, increasing the number to nearly 770,000 jobs.” Along with a focus on construction, Kirchner also introduced a bill that would entice Argentines to bring back their funds from banks abroad, paying only a tax between one and eight percent. Businesses that encourage employment will also receive tax incentives and debt relief.
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