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View Full Version : Economic reshuffling needed



NewsWhore
07-08-2008, 06:30 PM
The National Hotels & Restaurants Association (Asonahores) is calling on the government to reorient its economic policies to favor productive sectors. Asonahores understands that macro-economic stability is not enough, and highlights the fact that the economy has grown asymmetrically. According to the hoteliers, there are many sectorial, social and regional inequities because the policies in place affect the sectors' capacity to compete. Asonahores stresses that tourism, industry, mining, farming, free zones and construction are sectors that contribute the most jobs, and need the government's attention. Recently, the National Council for Business (CONEP) warned that the telecommunications, energy and banking sectors grew 106% over the past seven years, compared to just 23.6% growth in the tourism, industry, mining, farming, free zones and construction sectors over the same period.
Conep has called for government priorities to be reshuffled so that less is spent on the energy and government sectors, and more can be spent on health and education. A study by Conep highlights the fact that the policies in place have stimulated imports, leading to an increase in the deficit in the current account of the balance of payments, that this year should reach US$4 billion.

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