Guerra ‘The government is bankrupt or lives on loans’

He lawyer Silvio Guerra he warned about the issuance of another bond for 700 million dollars by the government, which in two days already has 2,300 million dollars, because before there were other values ​​for 1,600 million dollars.

For a lawyer, there is only one explanation here: Either the Government is bankrupt or some player is alive and someone is taking money somewhere else because the Panamanian doesn’t see that money… there aren’t even band-aids in the hospitals… there is nothing.

Guerra also warned of the commitments made by Cortizo and Mi Ambiente with the 2030 Agenda, and now they are coming to us with an initiative to develop water capacities.

This proposal coming to us from the UN is being sold as a hygiene pilot plan to eradicate open defecation, but I’m sorry, but who defecates in the open in this country?, asked the lawyer.

Silvio Guerra He claimed that Panama is not Africa, nor is it India, but with these stories, the Cortiz government surrenders with open arms to Agenda 2030 and will soon mediate even in the water we drink and use for cleaning, but that is where they give us raises for the service, and the water is given to private consortia.

Arrears
“The more indebted the country is, the more interest we have to pay and therefore we will have less financial resources for the next 10 to 15 years,” said economist Olmedo Estrada.

He cabinet council approved the issuance of one or more state securities and their placement on the local capital market in the amount of 1,600 million dollars for partial financing of the resource needs of the state budget for fiscal year 2023 and other fiscal periods.

He Ministry of Economy and Finance (MPEG) He also announced the issuance of a new tradable international sovereign bond, through Euroclear, due in 2033 and with a coupon of 6.375%, for a total of $700 million to inject into the budget.

The financing needs of the 2023 budget are estimated at USD 4,153 million. With this latest operation, the Government provides financing for approximately 78% of these needs.