Government’s “treasury” halted

There are delays in the public administration per diem payments and public investment bills.

Top Channel has learned that this delay has started since March 1st, and although without any official order, the government has not been able to pay its obligations in time, creating a chaotic situation.

Sources declared for Top Channel that the bills are admitted at the Treasury, but the payments have not been executed and there is no official explanation about this. The administration employees are not the only ones who have financial problems with the government.

The private companies that have made public investments or other services keep having difficulties and prolonged payment delays. The government’s due debts reached 0.7% of the GDP in 2010, turning into a concern for the International Monetary Fund.

It started with the construction companies, but recently there have been other companies complaining about due payments, such as telecommunication and other businesses that have worked for the administration. The government needs money and the state treasure is turning into a nightmare for most of the individuals or private businesses that have private financial relations with the state.

This is not the first time when the government blocks the payments. Last year the government froze all per diem, training and a series of other payments for the second half of the year. This time it seems that the government’s financial difficulties have started earlier, in the first months of the year, raising new questions about the stability of the budget that the government passed three months ago.

Top Channel