MEF Will Cut $170 Million From 2012 Annual Budget
Thursday, June 28 2012 @ 04:14 PM EDT
Contributed by: Don Winner
Editor's Comment: This morning the former Minister of Economy and Finance Alberto Vallarino was on TVN, defending himself against claims he was responsible for putting together the 2012 budget. Vallarino is one of the Panameņistas who resigned in September 2011, after the breakup of the alliance between their party and the Cambio Democratico. It was sort of funny watching Vallarino squirm, saying how the budget was approved by the entire executive Cabinet Council (although he did put it together), signed by the President, and passed by the National Assembly, all controlled by the CD. However - yeah - it was his plan, including the part about the $400 million dollars they expected to get from selling the state owned shares in the electrical and telecommunications companies. Whoops.