La Paz, (Prensa Latina) The Bolivian government allocated 725.8 million dollars to public investment which, up to last January, represents 66.5 percent of what was invested by the de facto regime, Planning Development Minister Gabriela Mendoza highlighted.
Mendoza highlighted it is part of a strategy to reactivate the economy, planned in the General State Budget for 2021 with US$ 4.11 billion allocated for social and public works.
For his part, President Luis Arce recalled in his Twitter account that they found a country in bankruptcy, without money or resources, when his team assumed the presidency last November, and the first task his administration set forward was to recover the finances.
The Ministry of Economy and Finance informed last December that 35 percent of the budget allocated to public investment would be provided to the construction sector, health (10 percent) and education (11 percent).
He specified that the budget, with a total amount of more than 41,1 billion dollars, will guarantee the payment of social bonds and the Dignity Income with more than 912 million dollars.
It also foresees a five percent reduction in personal services and 10 percent in other expenses.
The Gross Domestic Product will increase by 4.2 percent and the inflation rate will be 3.9 percent, while the fiscal deficit will be 11.3 percent, according to the same source.
mh/abo/agp/nmr/gdc
For his part, President Luis Arce recalled in his Twitter account that they found a country in bankruptcy, without money or resources, when his team assumed the presidency last November, and the first task his administration set forward was to recover the finances.
The Ministry of Economy and Finance informed last December that 35 percent of the budget allocated to public investment would be provided to the construction sector, health (10 percent) and education (11 percent).
He specified that the budget, with a total amount of more than 41,1 billion dollars, will guarantee the payment of social bonds and the Dignity Income with more than 912 million dollars.
It also foresees a five percent reduction in personal services and 10 percent in other expenses.
The Gross Domestic Product will increase by 4.2 percent and the inflation rate will be 3.9 percent, while the fiscal deficit will be 11.3 percent, according to the same source.
mh/abo/agp/nmr/gdc
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