The budget approved by the National Assembly is 10.8% higher than the current one.
The projected budget deficit for 2011 is $ 268.2 million which will be covered with grants and loans.
"The 2011 budget was prepared on a 3% forecast for growth of the Nicaraguan economy, inflation at 6.7 percent, a slide currency slide against the dollar of 5 percent and an average price of a oil barrel at $ 78.8 oil," Efe reported.
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