NewsWhore
10-08-2010, 04:40 PM
Economist Arturo Martinez Moya says that the government has maintained stability by the central government, decentralized institutions and Central Bank taking on new foreign debt. He projects the public debt will reach US$21.8 billion by the end of 2010, not US$13.8 billion, as stated by the government.
Martinez Moya says that the internal debt of the Central Bank at the end of August 2004 (start of Fernandez administration) was US$2.2 billion and it is now US$6.4 billion at the end of September 2010, a difference of US$4.2 billion.
He said that the domestic, foreign and Central Bank debt was US$9.7 billion in August 2004 and will be US$21.8 billion by December 2010. He says this total includes the US$13.8 billion on the Ministry of Hacienda web page but also the US$1.65 billion of the fiscal deficit planned for 2010 that automatically converts to public debt and also the more than US$6.4 billion of the Central Bank debt.
"If you add those items then you would not repeat the lie that the total public debt is US$13.8 billion, when in fact it is US$21.8 billion," he told Hoy.
More... (http://www.dr1.com/index.html#4)
Martinez Moya says that the internal debt of the Central Bank at the end of August 2004 (start of Fernandez administration) was US$2.2 billion and it is now US$6.4 billion at the end of September 2010, a difference of US$4.2 billion.
He said that the domestic, foreign and Central Bank debt was US$9.7 billion in August 2004 and will be US$21.8 billion by December 2010. He says this total includes the US$13.8 billion on the Ministry of Hacienda web page but also the US$1.65 billion of the fiscal deficit planned for 2010 that automatically converts to public debt and also the more than US$6.4 billion of the Central Bank debt.
"If you add those items then you would not repeat the lie that the total public debt is US$13.8 billion, when in fact it is US$21.8 billion," he told Hoy.
More... (http://www.dr1.com/index.html#4)