Day: Mar 10, 2020

Falling oil prices will affect Departmental Government’s income

Santa Cruz Governor’s Office announced that the drop in the price of oil from $45 to $32.2 per barrel would affect the Departmental Government’s income. Departmental works depend on 60% of gas revenues from the Direct Hydrocarbon Tax. The preparation of the budget in August last year based on a price of $51 per barrel, so some works will have to stop.