Guatemala: More Debt, But More Investment

The Morales administration plans to increase indebtedness next year, but with the objective of generating a "shock" of growth in investment in public infrastructure.

Wednesday, August 9, 2017

In the 2018 budget, the Ministry of Finance plans to increase indebtedness and consequently the fiscal deficit, but with the purpose of increasing investment in road infrastructure, such as roads and bridges. In the 2018 draft budget, the debt ceiling could reach $11.9 billion.

"... It is an important bet with which "we hope to achieve a shock in growth, investment in infrastructure," said the minister, commenting that the expenditure on the part of the Ministry of Communications, Infrastructure and Housing (CIV) is Q1.8 billion for operation of several units and in 2018 they plan to increase investment.  An open budget workshop will be held in two weeks to discuss the geographic list of works to be included in the 2018 investment, and formulation will be completed of the draft budget to be submitted to Congress before September 2."

Elperiodico.com.gt reports that "...A block of tender processes is being prepared for the resurfacing of 900 kilometers of road network. The Executive's plan is to award the contracts this year, leaving the surfacing works to finance them next year with resources obtained from the issue of Treasury Bonds."

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More on this topic

Public Investments Planned for 2018

August 2017

The government of Guatemala plans to allocate $1 billion from the 2018 budget for public infrastructure projects, of which $626 million will go towards highway works.

Agn.com.gt reports that "...The Central Government is projected to execute $686 million in infrastructure works, and the Departmental Development Councils (Codedes) $312 million."  

State Budget in Panama increased by $1.5 billion

July 2016

The approved budget for 2017 includes $5,148 million for works such as the extension to 8 lanes of the bridge-Arraiján Americas and to 6 lanes of the road San Carlos-La Chorrera.

From a statement issued by the Presidency of Panama:

In an extraordinary session held by the Cabinet Council on Friday, approval was given to a Draft State Budget for fiscal year 2017 in the amount of 21.670 billion balboas.

The Fall of Public Investment in Costa Rica

March 2013

In the past three years, the relationship between spending on infrastructure and equipment for public institutions and the country's national production, fell from 9.4% to 6.1%.

Nacion.com reports that "The Comptroller General's Office warned, in its report on the 2013 public budget, of a reduction facing planned investment in the non-financial public sector in respect to production, especially between 2010 to 2013. "

Guatemala: Strategy to Increase Investment Unveiled

August 2010

The plan will enable the state to invest more resources in infrastructure, security, human capital and innovation.

The strategy presented by the Guatemala's "National Competitiveness Program" (Pronacom), suggests modifying the country's tax on income (ISR in Spanish) so that more individuals are eligible, as well as bring into force the so-called anti-evasion law (currently in congress).

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