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%.
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.
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.
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 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%.
The World Bank (WB) projected that Bolivia's Gross Domestic Product (GDP) would grow by 4.7% this year, an estimate that exceeds the Fiscal Financial Program's projection of 4.4%.