Guatemala: Strategy to Increase Investment Unveiled

The plan will enable the state to invest more resources in infrastructure, security, human capital and innovation.

Monday, August 2, 2010

The strategy presented by the Guatemala's "National Competitiveness Program" (Pronacom), suggests modifying the country's tax on income (ISR in Spanish) so that more individuals are eligible, as well as bring into force the so-called anti-evasion law (currently in congress).

Julio Héctor Estrada, executive director of Pronacom, indicated to Sigloxxi.com that these measures could increase tax income by 1.2% of GDP, or by a further 1.0% subject to growth in the Guatemalan economy".

More on this topic

For and Against the UNOPS

July 2015

While state officials are happy to delegate their responsibilities to the UN Office for Project Services, the Comptroller of Guatemala has declared that its services are "detrimental to the interests of the state".

EDITORIAL

The arrival in Central America of the UN Office for Project Services (UNOPS) was hailed by many as a factor that would allow the execution of public works which are very difficult or impossible for state institutions in the region to run, for various reasons ranging from lack of qualified personnel to simple negligence.

El Salvador: 2011 Budget is $4.5 Billion

September 2010

Total 2011 budget is $ 4,503.5 million which includes payment of $653.5 million in Eurobonds due in 2011.

Fiscal policy objectives set for fiscal year 2011 are as follows:

Increasing tax revenues by raising tax burden from 14.0% to 14.7% of GDP in 2011, implementing measures aimed at strengthening legal frameworks and the efficiency of the tax system in order to combat tax evasion and smuggling.

No tax reduction in Costa Rica

December 2008

Guillermo Zuniga, Minister of Finance, has ruled out lowering taxes as a way of stimulating internal production, as this would increase the fiscal deficit.

According to nacion.com, "Zuniga prefers to motivate production by increasing public investment, even though he recognizes that the main challenge is to carry out the works as fast a possible.

Guatemala unveils four-year plan to draw US$1.5 billion investment

May 2008

A four-year plan to attract US$1.5 billion in foreign investment and promote the energy sector was unveiled last week by the Guatemalan government.

The plan was unveiled by the National Program for Competition (Pronacom) and the Invest in Guatemala investment agency as part of a national strategy for development. The heads of Pronacom, Julio Héctor Estrada, and Invest in Guatemala, Mario Marroquín, presented the plan.

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