Guatemala: Approval of tax package postponed

Due to the lack of a quorum in Congress, the approval of a tax package, with which they had hoped to complete the State budget for 2009, had to be called off.

Tuesday, November 25, 2008

Despite criticism from some parties and businesses, the majority party will not back down from the package and say that they have enough support to pass it. It includes the creation of a new tax for the first time registration of vehicles and increases the registration tax for this, in addition to other tax modifications.

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Honduras Approves 2012 Budget of $7,630 million

December 2011

The budget approved by the National Congress represents an increase of 8.5% compared to 2011.

The increase in the budget ($ 582 million) is destined almost exclusively to cover increases in teachers salaries.

The departments which have been designated the most resources are Education with $1,227 million, Health $563 million, Interior $199 million, and Security $184 million.

Record Budget in Panama

October 2011

The National Assembly has approved a state budget for the year 2012, at $14,451 million, the highest in the country's history.

The beneficiaries are ministries of the Presidency with $881 million and the Public Works with $723.4 million. The amounts allocated to the Ministry of Health are $538 million and $218 million for Education.

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

Guatemala: Approval of 2009 Budget urgently needed

November 2008

The Guatemalan Congress needs to urgently approved the 2009 budget starting today.

The budget for $6.5 billion (Q49.7 billion), according to opposition lawmakers, includes $13 million (Q104 million) for Government publicity, assigned to 33 NGOs, including $1 million (Q8 million) for one created only last week, and for the strengthening of Cohesion Social, which has been difficult to supervise.

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