New car or debt repayment?
Business and Economics, KyrgyzstanNo Comment
People contribute to repay the national debt, while parliament deputies are busy to purchase new official cars. It has become pretty usual that our parliament deputies have always come up with pretty awkward ideas and spend their ‘precious’ time on innovating new ways of how to purchase something new for their own usage. This summer is not an exception. Now they are intensively attempting to buy a new official car, each of which would cost approximately 22.000 US Dollars. Now count the number of the deputies, and figure out what budget will it require buying so many cars.
While deputies’ minds are busy with choosing the best cars, ordinary people have united in creating a single peoples’ foundation to collect money which will be used to repay the external debt of the country. Some citizens are ready to contribute some amount of money from their own pocket in order to help the country. The Ministry of Finance of Kyrgyzstan has set up an account for those who are voluntarily willing to give some amount of money to cover the country’s debt.
The coordination of this money flow and usage will be implemented by a certain body which is set up by the Ministry. As a reminder, the idea of creating such a fund for collecting money was also suggested and discussed right before the possibility of Kyrgyzstan joining the HIPC. The country officials were very close to joining the HIPC while citizens of the country totally disagreed and even organized some anti-HIPC movements. Instead of thinking about cars, deputies should first of all care about people who have shown their trust and voted for them.
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