Nicaragua Approves 2016 State Budget

23% of the approved budget for 2016 will go to the Public Investment Program, which includes infrastructure projects such as hospitals, roads and rural electrification.

Wednesday, December 2, 2015

The 2016 budget is 14% higher than in 2015, and of the total, 23% of resources will be focused on public investments. Among the infrastructure projects planned for 2016 are the road Naciones Unidas-Bluefields on the Caribbean coast, the road Río Blanco-Mulukukú, construction of the Occidental hospital in Managua and the new hospital in Chinandega.

Deputy Jose Figueroa said in an article on that "... 'In the energy sector the Government is assigning C $3.001 million to implement projects of rural and urban electrification for 317 rural communities and 85 urban settlements, making a total of 23,589 homes with electricity.'"

"... According to the Budget Act 2016, the Public Investment Programme (PIP) of the central government, capital spending amounts to C $16,618.9 million, an increase of C $2347.7 million in the previous year and the institutions that are driving this increase are the Ministry of Transport and Infrastructure, municipal transfers, health and education. In road infrastructure special importance will be given to renovation, construction, improvement and maintenance of trunk roads and rural roads. "

See the full text of the ANNUAL BUDGET LAW OF THE REPUBLIC 2016

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