Finance Minister Fausto Herrera, and technical secretary of the Committee for Reconstruction and Reactivation of the areas affected by the earthquake, Carlos Bernal, presented yesterday at the Assembly the first report of the Solidarity Act.
With cut to 10 August, Herrera reported that revenue solidarity contributions are $ 496 millions. Over $ 6 millions of donations and $ 38 millions of TBC and credit notes, giving a total gross of $ 540 million.
Before the law, from the Budget, expenses of the earthquake were covered, and then they were “compensated” with the standard. By August 15, $ 888 millions have been allocated and $ 182 millions have been accrued.
Of the $ 888 millions, $ 325 millions are from law and $ 563 millions to the revenue in the budget and, from the $ 182 millions accrued: $ 69 millions from the act and $ 113 to the budget.
$ 333 millions in loans with IDB, World Bank and CAF for the attention of the earthquake have been hired, and there are other external credits in process by $ 437 millions.