Government affirms that foreign debt is equivalent to 31% of GDP and is sustainable

The Government informed yesterday that the sustainability of Bolivia's public debt is guaranteed and rejected the claims of Fundación Jubileo regarding the alleged unsustainability of the public debt (external and internal), which would have exceeded 50% of the Gross Domestic Product (GDP).

YPFB expects to increase its revenues by 35% in 2021

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) informed that the state-owned company would increase oil revenues this year, and its income will grow by 35 per cent compared to last year. The oil income will reach more than 1.9 billion dollars; Bolivia will use the resources to reactivate our economy by allocating the Direct Tax on Hydrocarbons (IDH), royalties, and other taxes YPFB contributes.

Public debt exceeds 50% of GDP

Bolivia's total public debt (external and internal), with final data for 2020, exceeded 50% of Gross Domestic Product (GDP), which is a sign of the unsustainability of public finances and indebtedness. Up to December 2020, the external debt balance reached $12.17 billion.