Guatemala: Less on Infrastructure, More on Education
The Guatemalan government's 2011 budget will reduce the share allocated to Communications, Infrastructure and Housing by $180 million (-29%).
Friday, September 3, 2010
Edgar Balsells, Minister for Public Finances, commented that a budget increase for priority reconstruction projects has not been ruled out.
"In Costa Rica civil servants earn the most out of all Latin American countries, which is disproportionate to the economic and fiscal reality of the country."
More government spending -> more debt -> more expensive credit and more taxes. The State continues to fatten at the expense of the productive sector.
Between January and July 2011, the state’s payroll totaled $1,098 million.
The increase in the 2013 budget will be used in the 2014 regional elections in the Caribbean and investment in social projects, defense and other things.
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