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Lusa - Business News - Guinea-Bissau: Government hands over hidden debts docs to public prosecutor




Sao Tome, Oct. 9, 2019 (Lusa) – Sao Tome’s government has handed over to the public prosecutor's office documents containing hidden debts contracted by the government of Patrice Trovoada, estimated at 1.97 billion dobras (€80.391 million), a government statement said on Tuesday.
The document signed by the minister of planning, finance and the blue economy, Osvaldo Vaz, states that the total of the so-called hidden debts is estimated at 1,970,732,000 dobras of Sao Tome, corresponding to €80.391 million.
These are debts for the year 2018 and are not included in the stock of the debt accounted for until 31 December 2018, the executive's note said.
According to the government, it is a burden of domestic debt never registered in Sao Tome and Principe during the term of the different governments.
The debts calculated to date had not been recorded in the stock of the country's debt or the table of financial operations of the state since these are the main instruments that reflect the financial situation of the public treasury, the note.
According to the executive, in the context of these debts, the difference in fuel prices comes in the foreground with a total of €34 million (currency referred to in the rest of the statement).
The document also mentioned the debts to six civil construction companies, namely the Portuguese Mota-Engil, Socobrise and Cunha Soares and the Sao Tomean companies Constromé, Constep and EBCI, in the amount of €23.8 million.
The defaults on the Water and Electricity Company (Emae) amount to €8.2 million, on the Sao Tomean Telecommunications Company (CST) to €7.06 million, as well as wage costs estimated at €6.2 million, among other debts.
The hidden debts are sent to the public prosecutor's office four days after the prime minister, Jorge Bom Jesus, announced in a press conference that his government would send them to justice for due clarification and possible administrative or criminal accountability.

MYB/IMYN // LFS
Lusa

Agency : LUSA

Date : 2019-10-10 17:12:02







 

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