Cristina Announces Stimulus Package
December 5th, 2008 Posted in business, politicsWritten by Jamie
President Cristina has just unveiled her stimulus package tallying US$3.7 billion. According to People’s Daily Online, the plan will have four major components:
1) Low cost consumer loans will be available to purchase electronic appliances of up to US$1,500 per borrower.
2) Credit line of US$890 million for auto purchases.
3) Financing of up to US$865 million for small businesses.
4) 5% cut on export tax on wheat and corn.
Only time will tell how the package works out. ¡Vamos a ver!