In an attempt to increase tax revenues, the executive announced that it is now considering taxing the distribution of soft drinks such as juices, isotonics and sodas.
It is expected that in the first week of February analysis will be presented of modifications to the tax on the distribution of beverages and on tobacco and tobacco products, with the aim of obtaining more resources to finance the national budget for this year.
The Ministry of Labor has announced that as of January 1, 2015 a 5% increase in minimum wages in the productive sectors will come into force.
From a statement issued by the Government of Guatemala:
The Minister of Labour and Social Welfare (MTPS), Carlos Contreras, reported that the minimum wages for 2015, corresponding to agricultural, farm, maquila and non-agriculture sectors will increase by 5%, which is the third consecutive increase recorded during the administration of President Otto Perez Molina.
A Technical Committee has been created made up of representatives from the Government and the private sector with the aim of coming up with proposals.
The Technical Committee will find out about, initially, the proposals of the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (Cacif), on the issue of the increased efficiency of the Empresa Portuaria Quetzal.
It will connect the cities of La Hachadura and Pedro de Alvarado, an area where 60% of intraregional trade circulates.
From a press release by the Government of Panama:
The binational working table between El Salvador and Guatemala, responsible for Transport and Infrastructure matters, agreed to build a four-lane bridge at the border between Ciudad Pedro de Alvarado, Guatemala, and La Hachadura, El Salvador, with the aim of improving commercial traffic between the two countries.
The government and heavy haulers will hold talks to address issues in the sector and plan out the new regulations.
From a press release issued by the Government of Guatemala:
The president of Guatemala, Otto Perez Molina, and heavy haulers agreed on Tuesday during a meeting held in the presidential palace, to set up a working group to address issues of interest, including the presentation of a new Transportation Act.
President Perez Molina is betting on modern technology in immigration control and movement of goods to prevent and combat crime.
From a press release issued by the Government of Panama:
President Otto Perez Molina referred to the key role of technology in security and the fight against crime and reaffirmed the government's commitment to modernize the institutions of crime prosecution and strengthen the country's justice system.
The initiative includes the creation of a ministry to unite the policies, programs and projects on the development of agriculture which have become stalled in Congress.
"The leaders of the faction held a meeting prior to the start of the plenary session, without reaching a consensus to include the initiative on the agenda, however, it may be brought forward by a privileged motion", reports Prensalibre.com.
With support from Germany, Spain and the Inter-American Development Bank (IDB), 477 schools damaged in the Agatha tropical storm will be rebuilt.
Roberto Monroy, administrative viceminister for Education, explained that with the support of the National Fund for Peace (FONAPAZ), 187 classroom roofs will be repaired and 25 walls rebuilt in schools across the country.
The Guatemalan Government will collect $494 million less in taxes in 2009 and the national budget could be reduced to $5.562 billion.
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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