Recent natural disasters which have hit the country left damages for more than $ 1,500 million.
"The decision was adopted with 110 votes from a quorum of 133. Decree 53-2010 was approved with 4 amendments and stipulates that if the resources are not used this year, they may be included in the 2011 budget," wrote Kenia Reyes from Elperiodico.com.gt.
The Monetary Board (JM) authorized the issuance of $ 210 million in treasury bonds by the Ministry of Finance.
If approved by Congress, the Government's deficit this year would reach 3.4% of GDP.
Elperiodico.com.gt reports, "Julio Suarez, vice president of Banguat, announced that JM endorsed his opinion of an increase in public debt, although representatives of the private banking and corporate sectors opposed it."
The monetary authority has endorsed the issuance of $447 million in Treasury bonds, which will be used to settle debts with private contractors.
José Luis Agüero, president of the Guatemalan Chamber of Construction (CGC) believes that this is an important step to be able to honor the debt, and if Congress goes on to approve the issuance, they will become resources that will revive the economy.
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