Comptroller: 'We were late' to fix the public finances

"We were late to take structural measures without having to face complex consequences." With those words, the comptroller Marta Acosta warned the deputies of the consequences that the country will face for not having balanced in time the deteriorated finances of the Government, which awaits a panorama of narrowness in 2018.

Immediate consequences include a decline in public investment, a "high risk" of liquidity shortages due to the level of indebtedness, the impossibility of disbursing budgeted money for public institutions, and a deterioration in public services.

"The State's level of risk is raised in the non-fulfillment of its essential purpose, which is the well-being of the community, and the economic stability of the country is threatened," Acosta told the Committee on Fiscal Affairs when analyzing the National Budget presented by the Government for ¢ 9.3 trillion next year and with a financial deficit equivalent to 7% of gross domestic product (GDP).

For now, the comptroller ruled out a liquidity crisis, although it indicated that it is notorious that the government began to have lack of money to meet its responsibilities.