May 18, 2021

Bolivia expects an increase in public investment of 7.5 percent by 2019

Bolivia expects an increase in public investment of 7.5 percent by 2019

The draft Budget of the Bolivian State for 2019 foresees an increase in public investment of 7.5% compared to the current year, reaching some 6,510 million dollars, an official source reported today.

The Minister of Economy and Public Finance of Bolivia, Mario Guillén, presented this Friday at a press conference the project, which provides a state budget for next year of the equivalent of about 41,440 million dollars, 0.6% more than the 2018

The high official stressed that public investment will be allocated 40% to infrastructure, another 40% to productive infrastructure and the remaining percentage to social issues.

Guillén explained that the government's forecast of Evo Morales on the growth of the gross domestic product (GDP) of the country for 2019 is the same as that of 2018, of 4.7%.

Estimated inflation for the following year is 4.04%, compared to 2.79% expected to end this year, said the minister, who recalled that this estimate was initially 4.5% for 2018 and after was adjusting.

Another of the highlights of the project is the forecast of the price of oil, since it is a reference for gas, whose export to neighboring countries represents one of the main revenues for Bolivia.

The finance minister said that the estimate for 2019 is about 50.25 dollars per barrel of Brent oil, after 2018 the average was about 66.

The minister also emphasized the estimated calculation of net international reserves (NIR) of the country for the coming year, between about 8,000 and 9,000 million dollars, a volume that he considered important to cover possible eventualities in public accounts.

Mario Guillén also highlighted the expected fiscal deficit data for 2019 in Bolivia, of 6.98%, lower than 8.32% in 2018.

The project will be processed by the Bolivian Parliament, in which the Movimiento al Socialismo (MAS), the Morales party, has a majority.


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