Gustavo Weiss: “To Grow 3% per Year Requires an Investment in Public Infrastructure of 9% of GDP”

Gustavo Weiss, head of the Argentine Chamber of Construction (CAMARCO), pondered the government’s policy of fiscal balance by considering that “it is an essential tool to combat inflation,” but warned that “that balance must be achieved with a broad and objective consideration of all the effects of the cuts and other decisions.” With regard to the construction sector, he said that “more than 90% of national public works have been suspended and t…

With more than 90% of national public works paralysed, state investment barely reaches half of what is needed to maintain infrastructure, Gustavo Weiss warned. CAMARCO’s owner also notes that private sectors – such as mining, energy, agro-industry – are beginning to demand works.