Macroeconomy/Finance

Local Governments execute only 12% of their budget

The latest report of the Vice Ministry of Budget and Fiscal Accounting reveals that the budget execution of local governments is Bs. 2.5 billion ($370.8 mn) and the current budget is Bs. 21.4 billion ($ 3.08 bn); it is an execution of only 12% of the total national budget.

Source: Eju.tv