Paraguayan President Recognizes Serious Financial Situation [View all]
Paraguayan President Recognizes Serious Financial Situation
Imagen activaAsuncion, Jul 5 (Prensa Latina) The Paraguayan president Federico Franco recognized today the serious financial situation in the country while the social demands for delay in salary pay and shortage of funds for medicines become stronger.
Franco stated that efforts are made to inject resources into the economy through loans and issuing of bonds and increase of revenues with rise in tariff, charges and fine, due to the existing crisis.
About 40 days of hand over of power to the elected president, Horacio Cartes, he tried to reassure those who say, repeatedly, that the National Treasury coffers are almost empty and in moments in which denunciations for corruption acts are multiplied.
He assured that they are seeking to stimulate the economy by generating more tax revenue, although public, for example, the official opposition to tax the huge gain of the major agricultural exporters that control the soybeans, cotton and national corn.
The lack of transfer of funds to the institutions responsible for the procurement of drugs is causing serious problems in hospitals and other care medical facilities, while reconstruction of damaged schools is at stand still.
...
http://www.plenglish.com/index.php?option=com_content&task=view&id=1582791&Itemid=1
Sure sucks when you lash yourself to a sinking neoliberal ship.
= new reply since forum marked as read