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May 23, 2022
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Raúl Moreira: ‘The economy is growing, but in those sectors that do not generate as much employment’

At the end of April of this year, the balance of the debt of the non-financial public sector stood at $42,939.9 million, thus heading for $43,000 million, a level that has never been reached.

In the last month, the debt balance increased by $127.1 million, after receiving disbursements from multilateral organizations ($148.1 million) and funds from auctions of Treasury Bills ($36.6 million), according to a recent report from the Public Financing Directorate of the Ministry of Economy and Finance (MEF).

Along the same lines, the economist Raúl Moreira assured that the country’s economy is growing, but it is growing in those sectors that do not generate as much employment, such as mines, tertiary sector activities, those that use many machines.

He explained that the sale of new cars has had a significant growth of 1,406 units from January to March compared to the same period in 2021.

“One line that has grown significantly is gambling. The lottery -in these first 3 months of the year- has grown $118 million more than last year and the rest of the games have grown $269 million,” Moreira said. , adding that the Canal continues to grow the number of ships, about 270 thousand, however, the port movement has decreased significantly, almost 585 thousand tons less.

He added that the ships have grown in number, but they are passing by and are not stopping at our ports. “That’s about 96,000 fewer containers moved from January to March at our ports,” she said.

According to the economist, as of March we were growing 12.63% in some sectors, which is still high, but a growth that has been stabilizing.



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