Guatemalan Congress approves $6.4 billion budget

The Congress approved the 2009 budget yesterday, and must now approved its distribution.

Friday, November 21, 2008

Members of Congress must now approve the articles of the budget which is divided in three. Yesterday they only managed to approved the first two sections of the project, which contains articles 1 and 2, respectively; an amendment to latter by the Finance Commission was approved, while another presented by the PP was not.

More on this topic

Guatemala: 2014 Budget for $8.8 billion  

September 2013

The Ministry of Finance has submitted the National General Budget for fiscal year 2014, which considers a 2.3% fiscal deficit.  

According to Pavel Centeno, the Guatemalan Minister of Finance, the plan was developed in accordance with lower growth prospects, with a fiscal deficit of about 2.3%.

Guatemala: 20% of 2012 Budget to be Financed with Debt

September 2011

Foreign loans, bond issues and grants will finance one-fifth of government spending in 2012.

Revenue generated by taxes and other income will not be sufficient to meet the $9,293 million budget that the government has presented for next year.

Meeting this figure will require funding of over more than $1000 million with a bond debt and a further $737 million in loans which will be requested by the Guatemalan government.

Costa Rican Government Budget Up 17%

November 2010

The $ 10.8 billion budget approved on first debate by the National Assembly represents a nominal increase of 17% compared to 2010.

The proposed budget must be approved by the National Assembly by November 30th, as required by the Constitution.

"The spending plan will be funded 55% by current income and 44.6% with domestic placement of debt securities," wrote El Financiero on their website.

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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