The Finance Ministry on Wednesday defended itself against recent reports that some 45 percent of the government’s $3.4 billion draft budget for 2014 remains unallocated, issuing a statement explaining that the money will pay for loans, subsidies and other vital expenses. The ministry’s explanation still left much to puzzle over, however. The spending bill, some $400 million more than this year’s budget, was passed by the ruling CPP’s one-party National Assembly last week and is expected to sail through the Senate today. “Some print media has exaggerated information regarding the draft law on financial management for 2014, in
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