The National Tax Service (SIN) collected up to April 30 Bs 235 million for the Tax on Great Fortunes (IGF) and registered 204 individuals residing in the country and living abroad with a net worth of more than 30 million Bolivianos ($ 4.3 mn) in this new tax category.
The Government admitted that the public debt grew and that it must pay $3.71 billion in 2021, and in 2022 almost $2 trillion. There is a crisis because the amount is high and is above the capacity to use the Net International Reserves (NIR) to honour this debt this year.
The Government plans to invest more than 26 million bolivianos ($3.7 million) this year to execute a total of 61 projects benefiting some 1,533 rural producer families.
Supreme Decree 4501, which establishes a 2% increase in the National Minimum Wage, became fully effective. The document states that the increase is retroactive to January 1 and must be paid by May 31. The amount determined for the National Minimum Wage, in the public and private sectors, is Bs2,164 ($ 310.5). Source: Los Tiempos
After oil revenues fell by 29.6% in 2020, the government expects to reach $1.92 trillion in revenues in 2021 due to a more significant increase in gas production, better oil and natural gas prices, and higher exports to Brazil and Argentina.