The agregated budget will be $40.5 billion and the consolidated will be $30.3 billion. The budget forecast an economic growth of 4.24% and inflation of over 3%. It also allocates $5.6 billion for public investment.
Bolivia is making a structural review of the road construction contracts with Chinese firms signed with the former government of Evo Morales, announced the Public Works Minister, Iván Arias. He added that the government is looking to change the term reference of the contracts.
The Government is considering returning $449 million (as at end-November) which had been allocated to the hydrocarbon exploration fund, in force since December 2015. The Incentives Act (Ley de Incentivos) will not be overturned, but the Government will assess whether or not the funds were or will be deployed. The funds were initially taken from regions, universities and others.
The state attorney general, José María Cabrera, revealed on Thursday that at least four international processes facing the country put at risk 1,000 million dollars for possible compensation in case of adverse failures.
Bolivia’s government plans to build a fuel distribution plant in the south of the city of La Paz, to prevent fuel shortages in the future like the ones suffered after supporters of forme president Evo Morales blocked the Senkata plant, in El Alto, provoking severe shortages of gas and gasoline.
The damage caused to police installations after the recent political and social unrest in Bolivia reach Bs. 150 million ($21.7 million), said the head of the institution, Rodolfo Montero. Several police quarters were burned by Evo Morales’ supporters after his resignation to the presidency.
The new Bolivian Government named Oscar Serrate as Extraordinary Ambassador to the United States. Serrate will be the first Ambassador in the US in 11 years, when the then Ambassador Gustavo Guzman was expelled by the US government in response to a similar move from Evo Morales’ government. Serrate was Ambassador to the United Nations.
Beni’s senator Jeanine Añez assumed the presidency of Bolivia on Tuesday afternoon, after holding the presidency of the Senate due to the resignation of the President and Vice President of this body. The legislator activated the presidential succession established in the Political Constitution of the State.
Evo Morales Ayma yesterday resigned to the Presidency of Bolivia amid the shadow of electoral fraud verified by a preliminary report of the Organization of American States (OAS), after a crisis was unleashed on 20 October by a wave of allegations of irregularities and which yesterday led to a request from the agency to call for new elections.
The Bolivian president, Evo Morales, is to call fresh elections after international monitors identified serious irregularities in the last vote and recommended a new ballot. The announcement comes after weeks of unrest over disputed election results, which escalated over the weekend as police forces joined anti-government protests, and the military said it would not “confront the people” who had taken to the streets.