Up to February 28 of this year, financial institutions accepted the request for refinancing and rescheduling of 19,440 deferred loans for a value of $529 million. The grace period is six months for rescheduling and refinancing loans, without payment of interest or principal, and was approved in December 2020, benefiting all sectors.
Month: Apr 2021
La Paz accounts for 51.9% of IGF revenues
More than half of the collection of 159.3 million Bolivianos ($22.85 mn) of the Large Fortunes Tax (IGF) obtained by the National Tax Service (SIN) in La Paz. A total of 182 people registered for payment. After La Paz, people with a fortune over Bs 30 million from Santa Cruz contributed 38.6%, Cochabamba 5.1% and Beni 2.9%.
Government invests $2.15 million to reactivate the Envibol plant
The state-owned industrial plant Envases de Vidrio de Bolivia (Envibol) reactivated operations in its two production lines with an investment of 15 million bolivianos ($2.12 mn), new contracts and export projects.
BDP expects to increase its lending by 29% in 2021
The Banco de Desarrollo Productivo (BDP) intends to increase its loan portfolio to the country's productive sectors by 29% this year. The entity also wants to manage 7.4 billion bolivianos in trusts; achieve a 19% growth in second floor and window clients.BDP expects to increase its lending by 29% in 2021.
Nineteen state-owned companies owe $6.07 mn to the Central Bank
Public companies will continue to be the spearhead of the Government, which during the first two months of its administration, channelled, through the Central Bank of Bolivia (BCB), the disbursement of Bs 402 million ($57.67 mn) in credits in favour of strategic public companies. Until December 2020, according to BCB data, a total of 19 public companies owe Bs 42,328 million ($6.07 mn) to the State.
The SIN collects $22.85 million from the Tax on Large Fortunes
According to data from the National Tax Service (SIN), up to March 31, 182 people had already registered to pay the Tax on Large Fortunes (IGF), which generated an income for the General Treasury of the Nation (TGN) of Bs 159.3 million ($22.85 mn).
The government expects a $1.11 bn increase in Reserves by the end of the year
Among the 2021 Fiscal Financial Program's quantitative goals is the increase of $1,114 million in Net International Reserves (NIR) between January 1 and December 31. The projection supported by the issuance of sovereign bonds for $3 billion and the approval of multilateral and bilateral credits.
YPFB plans to drill five wells in 2021
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is working on an exploratory plan that contemplates an investment of more than 400 million dollars destined, among other activities, to the drilling of five wells. At least eight new projects currently under design expected to be incorporated this year.
One hundred and thirty-two individuals registered to pay the Large Fortune Tax
The National Tax Service (SIN) reported the registration of 132 taxpayers for the Large Fortune Tax (IGF), whose first deadline expires today, Wednesday, March 31. It is for individuals residing in the country, with a net accumulated fortune of more than Bs 30 million ($4.3 mn)within the national territory or abroad.
In the first quarter of 2021, the ABT achieves a collection of $2.81 mn
The Authority of Forests and Lands (ABT) reported a collection of Bs 19.6 million ($2.81 mn) in the first quarter of 2021. Santa Cruz contributes Bs 13 million ($1.86 mn). Beni follows with Bs 2 million ($286,944).
