Second end-of-year bonus divides the government and the private sector

The payment of the second end-of-year bonus must be fulfilled regardless who likes it or not, insisted the Work Minister, Andres Hinojosa. However, the private sector keeps its position of not paying the bonus as it considers it a "perverse decree" that impacts profoundly on revenues, according to the representative of private entrepreneurs, Wilfredo Rojo. Both sectors hope to reach an agreement that allows overcoming the impasse.

Expert warned that the collapse of oil prices would impact on Bolivia’s 2019 budget

The drop in international oil prices from $US70 to $US53 between July and November this year will have a negative impact on the 2019 budget, warned the economic expert German Molina. The budget should be ready by October this year, but the Government has still not sent it for approval.

Bolivia’s external debt reached $US9.8 billion

Until November this year, Bolivia's external debt reached $US9.8 billion or 24% of the GDP. The president of the Bolivian Central Bank, Pablo Ramos, insisted that the government has still room for manoeuvre. The current debt is one of the highest in the last ten years and has increased by more than $US2 billion since December 2017, when it reached $US7.26 billion. The debt is also higher than the current International Reserves, which by the end of October were in $US8.5 billion.

Bolivia has invested $US5 bn in exporting gas to Argentina

Bolivia has spent around $US5 billion in transporting gas to Argentina, announced the Government. Hydrocarbons Minister, Luis Alberto Sanchez, said that the country invested in the building of infrastructures such as gasoducts and processing plants to continue exporting gas to its neighbour. Meanwhile, a report from the Bolivian Institute of Trade (IBCE) revealed that 48% of Bolivia's gas exports went to Argentina and 52% to Brazil.