The amount comes from loans, issuance of Letes, Cetes, donations and current income, explained deputies from the PDC and ARENA.
The numbers don’t lie. In a review made by the economic analyst Claudio De Rosa, it appears that the Government has had sufficient funds. They are $ 4.1 billion to face the pandemic, but as the deputies say, one of them, Rodolfo Parker, of the PDC, the Executive refuses to deliver the bills of the expenses.
“We are certain of what we have delivered, of how they have spent that money, we do not know, and they do not want to give information about it,” Parker said in a television interview.
Meanwhile, the Minister of Finance, Alejandro Zelaya, accuses the deputies that they have not approved the resources he needs to compensate for the drop in current income.
Due to lack of money, the official justified that he was 17 days late with the payment of the salary of the employees and deputies of the Assembly and still owes the mayors five months from the Fund for Economic and Social Development (Fodes).
The president of the Assembly, Mario Ponce, of the PCN, summoned Zelaya again yesterday with the aim of addressing what solution together with the legislators they can give to pay the Fodes, but the official did not arrive.
Zelaya insists that he does not have funds to honor the Fodes payment, despite the fact that the money was already planned in the 2020 budget. The official argues that the income, which is where the payment for the mayors comes from, fell due to to the pandemic.
However, De Rosa reveals the real data on the income that the Treasury has had, which were confirmed by deputies Parker; Nidia Díaz, from the FMLN and Donato Vaquerano, from ARENA.
Only in issuance of Letes (State Treasury Bills), the Government acquired $ 485 million in debt; in Cetes, which is short-term debt, it is $ 645 million; of funds incorporated into the 2020 budget from credits are $ 688 million; $ 1,000 million in bond issuance and $ 88 million in donations, making a total of $ 2,908 million, of extraordinary income, that is, that does not come from taxes.
In this regard, Parker made a breakdown of what they have found on the same website of the General Directorate of the Treasury of the Ministry of Finance.
“There it appears that the ordinary income to August would be $ 3,228 million and the extraordinary income $ 3,238 million, but in the case of what the Minister (of Finance) came to say on Saturday to that meeting (with PCN and GANA) he said that they had only $ 606 million entered from extraordinary resources, it is an advance, because generally he and his people said that not a penny split in half had been received, “said Parker.
According to Zelaya, the Government has only received from ratified loans, $ 389 million from the International Monetary Fund (IMF); $ 197 million from the Inter-American Development Bank (IDB); and $ 20 million from the World Bank (WB).
However, Parker explained that the Government forgets that it also issued $ 1,000 million issued in bonds and authorized by the Assembly, of which $ 600 million were for the Trust to help micro, small and medium-sized companies.
“And the $ 1,000 million that were to be placed at 9.5%? That would lead us to add $ 606 million plus $ 1,000 million, we would be adding $ 1,606 million, but also, there have been issuance of Letes and Cetes for about $ 1,630 million, which leads us to extraordinary income certified by the former president of the Bank Central Reserve for $ 3,238 million “, expressed Parker.
The pedecista deputy made another comment regarding the $ 1,000 million, stating that the government “deceived” the Assembly, since $ 600 million were for micro entrepreneurs and the rest $ 400 million, distributed as follows: $ 300 million to pay suppliers and $ 100 million for VAT to exporters.
“That was already in the planned and provisioned ordinary budget, they deceived the Legislative Assembly,” Parker said, adding that the Government used $ 640 million for the pandemic that went for public investment in 2020.
The data was also certified by the economist De Rosa. In a comparative table, the expert details the amount of loans for the pandemic that have been approved and incorporated into the Nation’s budget and what remains to be endorsed by the deputies; plus what the Government has pending to negotiate with the multilateral banks.
Liquid funds that the Government already has added to state spending are $ 688 million; broken down as follows: $ 25 million taken from the Social Security budget to equip the CIFCO Hospital; $ 42 million from the Japan Natural Disaster Recovery Contingency Program (JICA); plus another $ 4 million included in the same program for Fopromid (Disaster Prevention and Mitigation Fund).
Plus another $ 389 million from the IMF; $ 11 million from a KFW loan; $ 20 million from a loan from the International Bank for Reconstruction and Development (IBRD); $ 197.5 million with the IDB.
To this are added $ 1,000 million of issuance of securities for the Trust; and $ 88.2 million from donations.
Authorized by the Assembly pending approval in the first round of $ 350 million of a loan with the IDB for the program to strengthen public policy and fiscal management to address the health and economic crisis caused by COVID-19; $ 50 million with the Central American Bank for Economic Integration (CABEI) for the partial financing of compensatory economic measures implemented by the emergency of COVID-19; and $ 50 million with the IDB to finance the immediate public health response project to contain the coronavirus and mitigate its effects.
While the Executive has in the initial negotiation stage a total of $ 1,380.2 million. This money is the one that has not reached the Assembly to discuss it. Among them, there is a credit for $ 115.2 million with CABEI to improve 25 sports spaces; another of $ 350 million with CABEI to finance the economic recovery; of $ 250 million with CABEI of freely available loan; $ 15 million from the OPEC Fund for International Development for the health emergency; and $ 650 million with the IDB for educational coverage.