Wednesday, November 17, 2010

Veracruz outgoing PRI Governor Fidel Herrera leaves massive debt

Just a few days after outgoing Governor Fidel Herrera of Veracruz claimed that he left the state's finances in perfect order and with a surplus of 6.5 billion pesos, his finance secretary Salvador Sánchez Estrada revealed the state's budget deficit is 9.3 billion pesos.

Opposition lawmakers, but also members of the ruling PRI, questioned even these figures and demanded in vain more details on the state of Veracruz' finances. Óscar Lara Hernández, a PAN local deputy, claimed the real debt may even be far higher: Close to 40 billion pesos, or more than 3.2 billion US dollars - a historic high. The line of creditors - from private corporations and banks to social security institutes such as IMSS and ISSTE - is long.

All this - and yet nothing stopped stop Herrera from declaring his interest in a 2012 presidential candidacy for the PRI. 

PRD: Ulises Ruiz Ortiz leaves 26 dead and a 10-fold rise in public debt

Oaxaca state legislator Carol Antonio Altamirano, coordinator of the PRD group in the Oaxaca legislature, said that Ulises Ruiz Ortiz will leave a debt of at least 26 murders, and a public debt that skyrocketed from half a million pesos to five billion pesos.

Ruiz, for his part, has warned against any "witch hunt" of his outgoing administration by the new one headed by Gabino Cué.

I say let the witch hunt begin.