Macroeconomy/Finance

The government will transfer $40.1 mn to local governments until July 3

The national government committed to transfer until July 3, Bs 279,390,000 ($40.1 mn) from the COVID-19 Fund to 340 Autonomous Municipal Governments and Autonomous Indigenous Original Peasant Governments of Bolivia. This Fund is additional to the Law for the Recovery of 12% of the Direct Tax on Hydrocarbons (IDH) for the Autonomous Territorial Entities and Universities, which will benefit them with the return of $200 million.

Source: La Razón