BUENOS AIRES, Argentina (AP) -- The head of President Cristina Fernandez's Cabinet says Argentina will meet next year's debt obligations.
International investors have expressed concern that slowing tax income could narrow Argentina's budget surplus and delay payments.
But Sergio Massa says Argentina has made a "clear decision" to pay off around $12 billion in debt that matures next year.
He says Argentina will continue to accumulate international reserves, which now stand at some $47 billion.
He restated plans Monday to use the reserves to pay off a $6.7 billion debt to the Paris Club of lending nations.
Argentina defaulted on $95 billion in debt in 2001 -- the largest in history.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.