NewsWhore
06-03-2009, 03:40 PM
Support for a new type of agreement with the International Monetary Fund (IMF) is growing. Nevertheless, Ricardo Bonetti, president of the Young Entrepreneurs Association (ANJE) is opposed to new taxes being part of the agreement with the IMF, saying that it should rather be about more control over government spending.
Former Central Bank Governor Bernardo Vega says that an agreement would help compensate for the government's fiscal deficits. Funds would be provided by the World Bank and the Inter-American Development Bank.
He said that the national budget quadrupled in 2008 due to the presidential campaign and all the internal lending that it entailed, adding that those limitations have continued into 2009.
He added that the government has a huge floating debt due in large part to the Ministry of Public Works, the Presidential Public Works Supervisory Office and bonds issued to subsidize electricity.
Vega said the recent hikes in energy rates make absolutely no sense if the government doesn't reduce the payrolls at the CDEEE, Ede-Norte or Ede-Sur or apply the penalties for anyone caught stealing energy.
More... (http://www.dr1.com/index.html#2)
Former Central Bank Governor Bernardo Vega says that an agreement would help compensate for the government's fiscal deficits. Funds would be provided by the World Bank and the Inter-American Development Bank.
He said that the national budget quadrupled in 2008 due to the presidential campaign and all the internal lending that it entailed, adding that those limitations have continued into 2009.
He added that the government has a huge floating debt due in large part to the Ministry of Public Works, the Presidential Public Works Supervisory Office and bonds issued to subsidize electricity.
Vega said the recent hikes in energy rates make absolutely no sense if the government doesn't reduce the payrolls at the CDEEE, Ede-Norte or Ede-Sur or apply the penalties for anyone caught stealing energy.
More... (http://www.dr1.com/index.html#2)