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Ortega uses $107 million from Venezuela on subsidies

Thursday, June 9, 2011


Daniel Ortega, the Nicaraguan president, ordered $107 million to be paid in electricity subsidies.

The money came from aid to Venezuela. The subsidies will be paid to 528,000 electricity users that consume less than 150 kilowatts a month.

According to an official statement, Ortega used the money to avoid a big increase in energy costs expected as a result of higher oil prices.

 

Original source (in Spanish): Efe