Guatemala: $75 Million Less for Public Budget

The Ministry of Health had $46 million deducted and FONAPAZ $28 million that were earmarked for the construction of neighborhood roads and bridges.

Tuesday, April 7, 2009

The reduction of $46 million from the Ministry of Health’s budget and other cuts to different entities are part of the budget cuts mandated by the Government of Guatemala.

According to an article published in Prensa Libre of Guatemala, in the case of the Ministry of Health, "It was anticipated that [the cuts] would be to operating costs and reductions in donations to institutions…"

The National Fund for Peace (FONAPAZ) will cease investment of $28 million in projects which were not yet begun, giving priority to education and health.

More on this topic

Panama: $112 million Budget Cut in 2013

August 2012

The cuts foreseen in fiscal year 2013 will affect the Ministry of Labour, the Public Registry, Customs Authorities, Government Innovation and Small and Medium Enterprises.

For Micro, Small and Medium Enterprises (Ampyme) the cuts amount to $33 million, leaving only $22 million for investment and operation.

Nicaragua: 2012 Budget at $1,900 million

September 2011

The budget for next year represents an increase of 16% compared to this year.

The figures were released by the Deputy Minister of Finance and Public Credit, Ivan Acosta.

The representative added that the government is receiving more income from taxes, "which corresponds with the behavior of productive activity, exports and investments", reported

Guatemalan budget for 2009 calls for $1 billion in debt

October 2008

The funds are expected to come from six loans from the Inter-American Development Bank (IDB) and the International Bank for Reconstruction and Development (IBRD).

According to data from the Ministry of Public Finances, from these funds $400 million will be assigned for policy, $200 million for wider based policies, $200 million for social protections, $150 million for education, $30 million for the judiciary and $20 million for the Financial Administration Integration System.

$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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