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.

On the other hand, the sector receiving the largest increase is Education, which will have an additional $126 million available (+12.5%). These funds will go toward hiring more teachers and the "My Family Progresses" program.

The whole budget will increase to $6.6 billion with income forecast to be $4.7 billion, meaning that the rest will need to be financed by debt. Hence, the cost of servicing the national debt is expected to rise by 23% to $1.04 billion.

More on this topic

Costa Rica: 2017 Budget up 12%

September 2016

"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."

An increase in resources for debt repayment, education and pensions account for the 12% increase in the 2017 budget compared to the 2016 budget.

Costa Rica's 2011 Budget

December 2010

More government spending -> more debt -> more expensive credit and more taxes. The State continues to fatten at the expense of the productive sector.

Juan Carlos Hidalgo, in his blog at, begins his article calling the 2011 budget approved by the Legislative Assembly as “illegal”. He explains that current expenditures are included as investments, which is specifically prohibited by the National Budget Law.

Panama: Government Spending 10% More on Wages

September 2011

Between January and July 2011, the state’s payroll totaled $1,098 million.

Government spending on salaries has shown a significant increase compared to the previous year, according to a report by the Controler from July, which reveals that the of the total expenses, 40% relates to the Ministry of Education.

Nicaragua's Budget Raised by $39 million

September 2013

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.

According to Congressman Walmaro Gutierrez, reform to the General Budget of the Republic by the Executive includes adding revenues of $38.9 million to the 2013 budget.

 close (x)

Receive more news about Public Finance

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Invercasa Puesto de Bolsa Nicaragua

Organization that operates in Nicaragua.
Phone: (505) 2277 1212

Company Profile

Stock Indexes

(Oct 26)
Dow Jones
S&P 500


(Oct 26)
Brent Crude Oil
Coffee "C"