Industrialists Oppose Law on Sale of Idle Assets

A law in Honduras allows the government to use state resources to raise funds to pay domestic debt.

Thursday, July 25, 2013

"The attitude of Congress is irresponsible in dealing with these issues without beforehand consulting taxpayers who pay for these commitments with their taxes , nor conversing with civil society organizations," said Fernando Garcia, director of the National Association of Manufacturers (Andi).

"It seems that the government through this situation will mortgage mineral deposits and the country's natural resources," reports The recent law, aims to raise funds and pay for the country's domestic debt, amounting to $3 billion.

"We are concerned and do not understand why this policy is linked to the granting in concession of all of the country's natural resources and neither do we understand why they need these financial resources," Garcia said.

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