The Sandinista National Liberation Front (FSLN) is –according to figures published in its financial statements– a political organization facing economic problems, with a deficit of 131.3 million córdobas.
The red and black party published its 2022 financial statements in La Gaceta, Official State Gazette of March 1, 2023with figures that reflect the evident opacity and lack of transparency of the political organization controlled by Daniel Ortega and Rosario Murillo.
The supposed deficit that the Sandinista Front alleges occurs, according to its own reports, because its income was 262 million córdobas, while its expenses registered 393.4 million.
The income of the sandinista front They were given via the contribution of the militants (78.7 million), rental of real estate (two million) and the mysterious item of “other income” (181.2 million), which, as is a practice of the red and black party, was not detailed in the publication of The Gazette.
Expenditures are broken down into administrative and departmental expenses (281.9 million); party activities (4.3 million), operating expenses (78.7 million), advertising and propaganda expenses (332,000 córdobas) and 28.1 million in “depreciation expenses”.
These data are endorsed by the general accountant Ricardo Aragón Maldonado, according to the publication in the official State newspaper.
On March 9, 2022, the sandinista front reported its financial statements for 2021, reflecting income of 372.6 million córdobas, of which 300.6 million were included in the “other income” item, without specifying details.
FSLN accounts worsened, according to their financial statements
This means that according to the Sandinista Front’s own reports, the finances of the red and black party worsened between 2021 and 2022, registering a decrease in its income of 110.6 million córdobas.
On March 17, 2021, CONFIDENTIAL posted a extensive research in which he revealed that the first twelve years of Daniel Ortega’s government, the annual income of the Sandinista Front party grew 14 times.
The special report details that thanks to secrecy, the lack of institutional controls and the concentration of power in the hands of the caudillo and his family, the red and black party went from receiving 34.1 million córdobas in 2007 to 457.5 million córdobas in 2019, according to the states. financial statements of that party organization published in the official newspaper La Gaceta, analyzed by CONFIDENTIAL.
The financial reports of the ruling party revealed that the Sandinista Front added income of 3,596 million córdobas up to 2020. However, the most revealing data from the report is that 80.2% of these funds were reported simply as “other income”, that is, the origin of more than 2.886 billion córdobas is kept hidden.
In the case of the funds of the 2022 financial statement, the 181.2 million that remain hidden under the heading of “other income” represent 46% of the total that the Sandinista Front claims to have obtained in that year.
They hide income from electoral reimbursement
A clear example of the lack of transparency in the reports of the Sandinista Front is that the 2022 and 2023 reports do not include the funds obtained via electoral reimbursement, a juicy business built by the dictatorship party based on electoral fraud with those who have screwed the Ortega-Murillo binomial into power.
For the 2021 national elections, in which Ortega and Murillo they self-awarded 75.6% of the votes Thanks to their control over the Supreme Electoral Council, the Sandinista Front was entitled to electoral reimbursement of 803,900,000 million córdobas (about 22.5 million dollars at the current exchange rate for October 2022.).
The civic organism Open Ballot Boxes estimated at more than 80% the abstentionism registered during the electoral farce of the national elections of 2021.
In the municipal elections of November 2022, another electoral farce in which the Sandinista Front self-awarded 100% of the mayoralties of Nicaraguathe red and black party also took the largest share of the electoral reimbursement, with 337.3 million córdobas from the public treasury.
All these resources, according to the reports of the Ministry of Finance and Public Credit, have already been delivered to both the Sandinista Front and the long-standing collaborationist parties, without any details on how they were allegedly used.
