Guatemala: $75 Million Less for Public Budget
The Ministry of Health had $46 million deducted and FONAPAZ $28 million that were earmarked for the construction of neighborhood roads and bridges.
Tuesday, April 7, 2009
The reduction of $46 million from the Ministry of Health’s budget and other cuts to different entities are part of the budget cuts mandated by the Government of Guatemala.
The funds are expected to come from six loans from the Inter-American Development Bank (IDB) and the International Bank for Reconstruction and Development (IBRD).
The "non-finance" investment make up a record 20% of the budget.
The budget for next year represents an increase of 16% compared to this year.
The cuts foreseen in fiscal year 2013 will affect the Ministry of Labour, the Public Registry, Customs Authorities, Government Innovation and Small and Medium Enterprises.
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