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).
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.
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.
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.
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).
The Senkata plant, located in El Alto, increased its gasoline and diesel oil storage capacity with four additional tanks. The project was delivered in 2019 and consolidates an increase from 8,538 cubic meters (m3) of storage capacity to 28,538 m3 in diesel oil. The growth means that the autonomy also rose from seven to 16 days.
The Fraser Institute of Canada's ranking, which analyzes mining investment conditions in the world, once again placed Bolivia at the bottom of its list. In the 2020 index, the country appears in 74th place out of 76 nations and territories analyzed in the general ranking of mining attractiveness. In recent years, Bolivia has always occupied one of the last ten positions. The scale combines the Mining Potential Best Practices index, which rates countries and territories according to their geological attractiveness, and the Mining Policy Perception index measures the effects of government policy on exploration investment.
The quantitative targets of the 2021 Fiscal Financial Program contemplate the use of US$1.11 billion of Net International Reserves (NIR) as of the fourth quarter of 2021 to finance its public investment programs.
During its first two months in office, the Government borrowed Bs 9,198 million ($1.32 billion) from the Central Bank of Bolivia (BCB). The data is from the latest Monetary Policy report of the state entity.
According to the latest report from the National Statistics Institute (INE), exports from the hydrocarbons sector of February 2021 fell by 29.0%, compared to the same period in 2020. Currently, sales generated by hydrocarbons represent 22% of national exports. On the other hand, non-traditional exports rebounded. The main products that increased their exports year-on-year were soybean products by 69.4%, tin metal by 42.4% and beef by 96.0%.