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INSIDECOSTARICA.COM
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CENTRAL AMERICA
NEWS
| Tuesday 16 November 2010 |
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Guatemala
Installs
New
Finance
Minister
GUATEMALA
-
Guatemalan
President
Alvaro
Colom
swore in
Rolando
Alfredo
del Cid
Pinillos
as the
nation's
new
finance
minister
on
Monday,
three
days
after
firing
Edgar
Balsells
from the
post,
according
to news
reaching
here.
Pinillos
had been
director
general
of the
country's
state
health
care
provider
the
Guatemala
Social
Security
Agency
for five
years
before
being
appointed.
Prior to
this he
had
worked
13 years
at the
Finance
Ministry.
"The
Finance
Ministry
is not
the
state's
petty
cash
box,"
Pinillos
said
during
his
acceptance
speech,
making
an
explicit
commitment
to fight
to
control
government
spending.
At the
weekend,
Colom
told
Guatemalan
media
that the
main
reason
Balsells
was
removed
from his
post was
that he
had
increased
the
nation's
budget
by 1.5
billion
quetzals
(187
million
U.S.
dollars)
without
seeking
authorization
from the
president
or
cabinet.
Colom
described
the move
as
"completely
contrary
to
presidential
policy
of
maintaining
macroeconomic
equilibrium,
one of
the main
achievements
of this
government."
Balsells
took
office
in June,
replacing
economist
Juan
Alberto
Fuentes
Knight
who
resigned
because
of
clashes
with
Guatemala's
business
community.
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Source
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Rica
Tel: (506) 2231 3205 / (506) 8399
9642
Fax: (506) 2232 6337
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