Government and IMF at standstill

[NewsWhore]

The Budget and Public Spending bill, which should have been submitted to Congress in October, is at a standstill because of disagreements between the government and the International Monetary Fund. Hacienda Minister Vicente Bengoa, quoted in Listin Diario, says that the IMF and the government's economic team are at an impasse, which has caused a delay in submitting the legislation to Congress. Listin reports that Bengoa has refused to comment on details, and that although a Budget and Spending Bill has already been developed by the country's economic team, it must be approved by IMF representatives. Bengoa added that there is still no fixed amount for the budget, but said the impasse with the IMF is mainly linked to the government's financial surplus.

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