Guatemala: 39% Less Public Investment in 2010

Scheduled investment for 2010 sums $434 million, 39% less than the $714 million earmarked for 2009.

Friday, September 18, 2009

Under the current 2010 Budget draft, the Ministry of Communications and Public Works would receive the largest investment funds.

This budget aims to boost production in the country, through anti-cyclical policies that trigger economic recovery, insisted the Treasury Minister. In contrast, Jorge Lavarreda, director of local economic think tank CIEN, argued that "to reach this objective we must boost real investment...".

More on this topic

Panama: 2012 Budget is $14,000 million

July 2011

The Ministry of Economy will present the state budget for fiscal year 2012 amounting to $14,000 million.

The budget for 2012 is $1,000 million more than in 2011 and $3,425 million more than the year before that, 2010.

Minister Alberto Vallarino attributed the historic budget "to economic growth and the millionaire income generated by tax reforms that have given the country 'investment capacity.’"

Honduras Budget 2010: $6.3 Billion

September 2009

The budget approved by the Minister Cabinet includes 47% in health and education.

Gabriela Núñez, Finance Minister, stated that the new budget represents a 5.9% increase over last year.

"Nuñez explained that the 2010 budget will be financed with tax collection and funds from state enterprises, like the telephone and port companies", published Laprensahn.com.

Guatemala: Lower Expenditures in 2010

July 2009

Businessmen and analysts are requesting for the State's Expenditure Budget to be lower in 2010 than it was in 2008.

Jorge Lavarreda, director of the National Center for Economic Investigations, known as CIEN, considers that "the government should aim for a fiscal deficit lower than 1% of the Gross Domestic Product".

$782.4 million for infrastructure projects in Panamá

October 2008

The "non-finance" investment make up a record 20% of the budget.

The "non-finance" public investment package contemplated in the State budget for the 2009 fiscal year adds up to $946 million.
A good portion of the investment budget has been earmarked for "infrastructure development": $782.4 million.

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