The General State Budget (PGE) for 2021 has a consolidated amount of Bs 216,501.2 million ($31.06 bn). It also foresees a 4.2% growth in the Gross Domestic Product (GDP) based on the price of the barrel of oil at $37.21. Infrastructure will have an investment of 3.44 billion.
Month: Oct 2020
Economy guarantees 10% for health and leaves $2.44 billion
The Ministry of Economy yesterday guaranteed 10% for the health sector and affirmed that it leaves 17 billion bolivianos ($2.44 bn) in the State coffers for the next government to face the closing of this year, although the amounts include external credits such as that of the International Monetary Fund (IMF). Health will have its 10% and Education 11%, we are guaranteeing it in the General State Budget 2021. The regulation, drafted by the current transition government, must be approved by the Legislative Assembly in the next few days.
CAF allocates more than $2 billion to support Latin American SMEs in 2020
CAF-Latin American Development Bank has allocated more than $2 billion this year to support SMEs in the region. It has defined a strategy to promote innovation, productive integration and internationalization of these companies to contribute to increased productivity and economic recovery.
Bolivia foresees a drop of less than -11% and improves the indicator to -7.3%
The Bolivian economy will fall this year by -7.3%, according to recent forecasts by the outgoing government, an indicator lower than the -11% registered in the first half of this year and thus the country can have a better profile in Latin America. The measures to subsidize and support the economic reactivation managed to improve the adverse climate generated by the coronavirus pandemic, which managed to paralyze the global economy during the first six months of this year.
YPFB allocates 15.5 million litres of diesel weekly, for productive activities in Santa Cruz
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) reported that it supplies 4.5 million litres of diesel from national production to Santa Cruz every week, and another 11 million litres imported from Argentina, Paraguay, Brazil and Chile, to supply fuel to all service stations, direct customers and large consumers in Santa Cruz. In Arica, 44 million litres of diesel were unloaded and will be loaded daily into 80 tanks to transport it to La Paz and Santa Cruz.
Price of chicken meat goes up 23%
The increase in the price of soy flour, one of the main inputs for poultry farmers, is the reason why they have chosen to stop producing and generate a lower supply, which leads to a 23% increase in its price for the producer.
46% of the burned area in Santa Cruz is forest
Forty-six per cent of the 1,419,000 hectares affected by forest fires are forests, which represents significant damage due to the impact on biodiversity. Within this framework, the Government of Santa Cruz reiterated the request to the Plurinational Legislative Assembly (PLA) to repeal Law 741, which extends logging from 5 to 20 hectares without the need for authorization to clear.
Sipontindi X1 well has 0.6 TCF, double the estimated
The government informed this Tuesday that the Sipotindi X1 well has double the reserves, 0.6 trillion cubic feet (TCF) instead of 0.3 that initially projected.
Fires down to 28, but average weekly outbreaks double that of 2019
Although forest fires have dropped by approximately 50 per cent in the last week to 28, the average daily number of hot spots (smaller events) is 135 per cent higher than the average for the same period in 2019 due to climate and human intervention. Although there is a decreasing trend of fires due to the rains that have been falling since last week, the affectation reaches an area of more than 1.8 million hectares nationwide.
Pro Mujer IFD places securitization securities for $24.39 mn
Pro Mujer IFD achieved the total placement of its Securitization Securities in the stock market for an amount of 170 million Bolivians ($24.39 mn), is the third stock market operation in the last two years. The other two stock market operations carried out in 2018 and 2019 for amounts of 120 million Bolivians ($17.22 mn).
Bolivia Económica 
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