Modifying the budget

[NewsWhore]

The Ministry of Hacienda will submit a bill to Congress for the modification of the 2009 budget, including an extra US$137 million for paying the government's US$566 million debt to the energy generators. Minister of Hacienda Vicente Bengoa said that the World Bank and the Inter-American Development Bank are in the process of auditing the State-owned Electricity Companies (CDEEE) in order to determine how much they really owe the generators. He added that once the actual debt amount is confirmed the government would figure out how to pay it, once and for all. He also informed that during the current administration US$4 billion has been paid towards the debt, with no results. Bengoa said this was a tragedy.

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