Macroeconomy/Finance

Municipalities and governments reveal a 39% drop in revenue from hydrocarbon royalties

The income received by municipalities and governorates from hydrocarbon royalties fell by up to 39%. In April, the state-owned YPFB anticipated a reduction in revenue due to the fall in oil prices, and the state-owned company said that royalties would fall by up to 45%.

Source: El Deber