Tuesday, February 22, 2011

Four-and-a-half billion pesos: PRI left massive debt in state of Sinaloa

Yet another PRI governor leaves his state with a crushing debt:

Jesús Aguilar Padilla was the PRI governor of Sinaloa from 2005-2010; indeed, until position coalition candidate Mario López Valdez (Malova) won the Sinaloa gubernatorial election last summer, the state  had never switched hands from PRI.

Malova's administration now reveals that Aguilar Padilla left the state with debts of more than 4.5 billion pesos, in addition to a budget deficit of half a billion pesos.

The debts puts the state's finance in danger of collapse, according to Armado Villarreal Ibarra, secretary of state finances.

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