This Friday within the Encuentro con Julio Villagrán program, a debate befell with the economist Julia Evelyn Martínez and the journalist Leonel Herrera, the place they talked about the problem of COSAVI and the donations of as much as $60,000 {dollars} that it made to the Nuevas Ideas get together in 2020. In addition, the cooperative supplied loans to mayors ruled by this similar political get together.
“COSAVI just isn’t solely an necessary donor to the Nuevas Ideas get together however has additionally granted the mayors’ places of work, primarily these of NI, a credit score within the quantity of 21 million… it has been a sponsor of the patron saint festivities of the Nuevas Ideas mayors’ places of work, it has donated automobiles to mayors of NI and have introduced all these worldwide artists” the economist highlighted.
On one other subject, it was highlighted that the federal government continues to take extra money from the pension fund, and that if it continues on the similar fee they might run out of assets.
“According to information from the Central Reserve Bank, solely between April 2023 and February 2024 did the federal government take nearly $1.4 billion from the pension fund. If this continues, we could run out of pension funds sooner or later.” the journalist stated
For Herrera, the best proof of Bukele’s pursuits with the Salvadoran oligarchy is expressed within the regressive tax scheme that’s maintained within the nation, the identical one which the ARENA get together utilized in its governments. I additionally think about that if the federal government doesn’t pay its debt with banks, can generate a scarcity of liquidity within the banking system.
“The authorities has been forcing banks to purchase increasingly of the well-known short-term debt, letes and cetes, which suggests treasury payments and treasury certificates… If the banks proceed lending cash to the federal government and the federal government just isn’t punctually complying with funds can generate a scarcity of liquidity within the banking system.” commented Herrera.