Responses to the Coup d'etat in Honduras on Sunday June 28, with special emphasis on producing English-language versions of commentaries by Honduran scholars and editorial writers and addressing the confusion encouraged by lack of basic knowledge about Honduras.

Thursday, January 7, 2010

De Facto Government Can't Make Payroll for January

The Finance Minister for the de facto government, Gabriela Nuñez announced today that she does not currently have access to sufficient funds to pay government employees for January. It all boils down to cash flow. She said she has access to about 400 million lempiras, and needs a total of about 1,500 million lempiras. In addition, she noted that the government has run up large debts with suppliers, including 450 million lempiras for medical supplies, and a further 700 million lempiras owed to road construction and paving contractors. She noted that the priority of the de facto government is to pay employees, and creditors will just have to wait. Nuñez expects that when the sales tax payments are received in mid-January, there might be enough for the government to pay its employees. Micheletti previously had assured us that they had sufficient funds to last through March.

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