October
29, 2004
The government overflows
with optimism
(El Universal) - " Influenced
by the increase in oil prices (…)
the government's economical team forecasts
sustained growth for the period 2005-2007.
The
Pluriannual Budget Plan estimates that
the economy will grow between 4 and
6% each year, supported by a sustained
reduction of inflation and an improvement
in public and private spending, as well
as a strong motivation for private consumption,
a decrease in unemployment and moderate
levels of interest rates.
According
to official estimates, inflation will
decrease up to a range between 10 and
13% in 2007, while oil exports will
increase between 2,8 and 3,1 million
daily barrels in 2005 and between 3,1
and 3,4 million daily barrels in 2007.
A big part of the
spending resources during 2005 will
be orientated to those social programmes
with the most positive impact on the
population, emphasizing in education
for all, improvements in health and
life quality".
