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."
A $40.5 million loan will prevent deterioration of fiscal situation due to the global recession.
In the first third of 2013 the state collected $2.111 billion, $110 million more than in the same period last year.
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.
The Ministry of Finance has submitted the National General Budget for fiscal year 2014, which considers a 2.3% fiscal deficit.
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