Guatemalan National Treasury Foresees $494 Million Less

The Guatemalan Government will collect $494 million less in taxes in 2009 and the national budget could be reduced to $5.562 billion.

Friday, March 13, 2009

It was reported in the Prensa Libre website: "To meet the revenue decline for the budget, the government is already prepared with four scenarios: the first would be to reduce public spending, the second to search for internal or external credit, the third to increase revenues via taxes, and the fourth could be a combination of the previous three."

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Nicaragua will improve tax collection and improve social spending with IDB assistance

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A $40.5 million loan will prevent deterioration of fiscal situation due to the global recession.

The Inter-American Development Bank approved a $40.5 million loan to that will provide budget support for Nicaragua and help finance measures that will increase revenue collection and efficiency and transparency of budget execution.

Tax Revenues Up 5% in Guatemala

May 2013

In the first third of 2013 the state collected $2.111 billion, $110 million more than in the same period last year.

The figure is below the target set by the Tax Authority, which in this period was $2.277 billion, to cover the spending budget prepared by the Ministry of Finance.

Panama: Fiscal Revenue Up 15%

September 2012

The amount of revenue accrued by the state in 2012 up to August is $494 million more than the revenue from the same period in 2011.

From a statement from the Department of Revenue (DGI in Spanish):

Current Income:

Current revenue during August totaled B/.420.2 million, exceeding by B /.

Guatemala: 2014 Budget for $8.8 billion  

September 2013

The Ministry of Finance has submitted the National General Budget for fiscal year 2014, which considers a 2.3% fiscal deficit.  

According to Pavel Centeno, the Guatemalan Minister of Finance, the plan was developed in accordance with lower growth prospects, with a fiscal deficit of about 2.3%.

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Chicas Vilchez & Ruiz is a professional finance and accounting firm providing Auditing, Consulting, Outsourcing, and Tax services in El Salvador, Central America and the United States.
Operates in El Salvador, Costa Rica, Guatemala, Panama, Honduras and Nicaragua
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