State lawmakers approved 22-1 an agreement between the state of Baja California and the agency in charge of retirement and healthcare services in order to set plans for the multi-million debt incurred by the state.
The proposal was first approved by the Commission of the Treasury.
Governor Marina Avila said in the proposal’s text that past administrations missed paying the Issstecali agency fees and mismanaged the agency’s funds that had put services in jeopardy.
According to the content of the agreement the state has 24 months to pay back 2.5 billion pesos or $129.45 million.
The agreement allows the agency to seek financial instruments with banks and similar companies to make sure services are provided. The state must include debt payment in its yearly budget proposal, the Assembly said.