Healthy finances in Michoacán; More than 5 billion pesos have been paid

Morelia, Michoacán.- A total of 5 thousand 120 million pesos in debts of previous governments has paid the current administration of Michoacán, said the Secretary of Finance, Luis Navarro García.
At a press conference at Casa Michoacán, the state official said that there are no risks for the end of the year and the payment of payrolls is assured.
In this framework, the official detailed the progress in the State Contributions Fund for the Infrastructure of Municipal Public Services (Faeispum), which for this year was registered at one thousand 117 million pesos.
The above, he added, for the benefit of 111 municipalities, including 25 autogibiernos with a total of 324 projects financed.
He stressed that unlike other years, the calls were published since January and the processes were facilitated, which also gave the possibility of allocating 418 million pesos in regional Faeespon, works that benefit various municipalities.
“We are very applied a formula last year and it was enough for us to pay salary and benefit commitments without problems, this year we are the same, it is enough for payroll and pay programs such as Faeispum and Fortapaz, among others, there are no risks,” said the official.
Secretary of Finance in Michoacán. /Gob. Mich

Original source in Spanish