(Prensa.com) The Ministry of Economy and Finance reshape the investment plan, and update the revenue and expenditure projections for the coming years.
“After nearly 18 months of the implementation of the investment program for 2010-2014, provides an appropriate juncture to review and update this to include the additional investments that have been raised, ” the minister said yesterday Alberto Vallarino.
He explained that there have been changes in the government’s strategy in view of that amount is significant projects that were not contemplated in the original program and have already been tendered, mainly infrastructure.
In fact, the Cabinet approved last night as 149.3 million additional provision for public infrastructure and reviving economic activity in the areas affected by floods last December.
The updated investment plan goes hand in hand with the new financial programming to be submitted to the Assembly government as a result of the waiver-approved last March, which allows the Executive to raise the fiscal deficit ceiling to 2013.
The new financing scheme will include the projection of future revenues and expenses to return the annual deficit ceiling of 1% of gross domestic product.