Xalapa, Ver.- The Secretary of Finance, José Luis Lima Franco, reported that tentatively on January 15 they will submit to the congress the request to seek the debt restructuring or the new loan of 2 billion pesos.
He explained that they need it to do health clinics, expand hospital infrastructure, bring drinking water to communities, and invest to reactivate the economy.
LOW TAX COLLECTION PRODUCED THE NEED OF NEW DEBT
He said that this occurred because Veracruz had less income in 2020 and this resulted in an 8 percent reduction in federal shares, “and year after year we will have a reduction,” he said.
Therefore, to be able to invest in public works that the state needs, they will require 2 billion pesos.
“We will submit the document to the State Congress in the next few days, and the intention is to put the document in the middle of the month, which could be approved soon.”
Lima Franco explained that as a result of COVID-19, when economic activity was closed due to the avoidance of contagions, income fell as companies closed down, both federal and local revenue decreased, and that made it possible to lower income, the same will happen in In 2021, surely when the entire vaccination program is concluded, there will be effects on federal and local revenue ”, he anticipated.
He said that to compensate those 1800 million less that they will receive by 2021, they will request this 2 billion loan.
“This loan is being proposed, for public works infrastructure and to reactivate the economy so that there is more liquidity and jobs, and make it clear that the commitment not to increase the debt, the capital payment that we were going to make, would not be breached from December 2018 to November 30, 2024, are approximately equal, 2 billion pesos. It is these 2 billion that we are asking for, what is going to happen at the end of the day, when this administration ends, is that we are going to leave the same debt that they inherited us, of 41,800 million pesos, “said the official.
The Finance Secretary said that the total capital they were seeking to pay and reduce the debt they inherited was 2 billion, the projection, to leave the debt at 39.8 billion, but using this new loan of 2 thousand, no longer they will reduce it, if not they will leave it at approximately 41,800 as they received it.
He recalled that interest is paid monthly so as not to increase the general debt. “We continue to pay interest and capital every month,” he said.
By Rosalinda Morales
WE RECOMMEND YOU READ:
Sefiplan may expand the budget of autonomous organizations
–
