Macroeconomy/Finance

Law that returns 12% of the HDT will not be enough to reactivate the economy

Law 767 withheld $173 million from municipalities, $50 million from governments and $34 million from public universities, according to the Federation of Bolivian Municipalities (FAM), to promote investment in hydrocarbon exploration and exploitation. A law approved yesterday establishes the return of 12% of the HDT until the lifting of the health emergency. According to the FAM, the resources retained since 2016 are equivalent to $495 million, which should refund to face the coronavirus, reactivate the economy and avoid the increase of unemployment.

Source: Los Tiempos