Poverty in Central American cities

Centralization, lack of resources, poorly defined competitions, are some of the most serious problems faced by cities in Central America.

Friday, November 28, 2008

Despite being the main actor when it is time to provide the communities with the goods and services that they need, no country in the area stands out in giving local governments the tools they need to carry out their duties, according to the "Comparative Study on municipal finances for local development in Central America and the Dominican Republic."

To start with, local governments in Central America have a "reduced participation in the total State budget spending."

According to Mercedes Peñas of Spain, executive director of the Central American Municipalities Foundation, ...

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Nicaragua Approves 2016 State Budget

December 2015

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.

The 2016 budget is 14% higher than in 2015, and of the total, 23% of resources will be focused on public investments.

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%.

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.

Nicaragua will improve tax collection and improve social spending with IDB assistance

December 2009

A $40.5 million loan will prevent deterioration of fiscal situation due to the global recession.

The Inter-American Development Bank approved a $40.5 million loan to that will provide budget support for Nicaragua and help finance measures that will increase revenue collection and efficiency and transparency of budget execution.

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