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.
Day: Oct 30, 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.
