The World Bank approved two loans totalling $70 million to support the cities of La Paz and Santa Cruz de la Sierra in reducing vulnerabilities to climate risks and improving the living conditions of more than 167,000 residents of lower-income areas in these regions.
As of November 2019, Bolivia’s gas revenues reached $1.840 billion, $441 million less than the same period of 2018, when revenues reached $2.281 billion. According to the Hydrocarbon Ministry, 2020 will not be a good year for the gas business due to low revenues, the increase in fuel subsidies and the fall in gas production.
In the last few years Bolivia generated at least $29 million in each carnival festival in items such as costume making, gastronomic consumption, hiring of musical groups, among others.
Data from the Public Management System (Sigep) show that the degree of execution of the General State Budget (PGE) 2019 at all levels of government was only 73%. This percentage is 5% lower than that recorded in 2018 due to social conflicts and inefficiency in spending.
The Salary Scale for YPFB’s specialized personnel in strategic and operational areas, approved by Supreme Decree 2091, ranges from Bs17,120 ($2,460) to Bs48,150 ($6,918). Before its nationalization, YPFB’s payroll reached 500 workers, but over the years it grew to 5,000 dependents. Comprehensive analysis shows overstaffing, which harms its financial efficiency.