Government and municipal entities can leverage location intelligence to optimize strategic planning, improve the quality of public services and optimize their budgets.
What type of solutions does location intelligence provide to governments
By incorporating location intelligence into urban planning, it becomes possible to develop infrastructure adapted to the needs of citizens, enhancing living conditions in any given city. In addition, spatial data helps to optimize costs and prioritize government administration projects.
What does location intelligence provide to urban planning?
Analytics through big data management techniques allows governments to understand the needs of their citizens, combat fraud, minimize system errors and improve operations, reducing costs and improving the services of any government entity.
Foot traffic analytics through geospatial data and Big Data enables governments and public sector organizations to deliver more efficient and secure services, as well as respond more quickly and accurately to the needs of customers and citizens.
Arguing that due to the pandemic the current revenues of the General Government have been significantly reduced, Standard and Poor's downgraded Panama's sovereign rating from BBB+ to BBB.
The increase in total debt interest payments as a proportion of the General Government's current revenues is another factor that the rating agency considered when lowering Panama's rating.
The fire of the Legislative Palace and the capture of more than 30 people, is the balance of the violent demonstrations that took place on November 21 in the capital of the country, after a discontent was generated due to the approval of the National Budget 2021.
During the early morning of November 18, the Congress of the Republic approved the Income and Expenditure Budget of the State, which amounted to approximately $12,815 million.
For Moody's, the Costa Rican government's response to the Covid-19 crisis will put negative pressure on the country's fiscal profile.
According to the rating agency's analysis, the measures include a three-month moratorium on tax payments, a gradual reduction in corporate social benefit contributions and extended credit lines for the companies most affected by the economic recession.
To ensure financing for its future functions, the Costa Rican government will seek loans from the World Bank, IDB, CABEI and CAF during 2020, and plans to insist on the approval of $4.5 billion in Eurobonds.
For this year, the Costa Rican government plans to continue negotiating loans for budget support with the World Bank, the Inter-American Development Bank (IDB), the Central American Bank for Economic Integration (CABEI) and the Andean Development Corporation - Latin American Development Bank (CAF).
The Alvarado administration presented to the Legislative Assembly the draft public budget for 2020, which will be 4.3% lower than 2019, thus representing the largest spending reduction in recent years.
A decrease in current spending, as well as a decrease in public sector institution positions and salaries, allowed the central government budget for 2020 to be lower than this year's, the Assembly reported.
Regarding the figure for the end of the first half of 2018, up to June of this year the external debt of the public sector of Honduras increased by $163 million.
From the Central Bank of Honduras report:
At the end of the first semester of 2019, total external debt (public and private) registered a balance of US$9,035.1 million, higher by US$16.2 million compared to December 2018.
For the business sector, the issuance of $2 billion in bonds by the government is positive, since "it allowed the country to quote, for the first time in history, a bond for more than 20 years with an interest rate below 4%.
On July 17, the Panamanian government was able to issue bonds for $1.25 billion with a 3.160% interest rate and maturity in 10 years (2030), and others for $750 million with a 3.870% rate and maturity in 40 years (2060).
With regard to the figure for the end of the third month of 2018, up to March of this year the external debt of the public sector of Honduras increased by $151 million.
The balance of Honduras' total external debt stood at $9,008.7 million at the end of March 2019, $10.2 million less than that of December 2018, a result of a favorable exchange variation that reduced the balance by $12.9 million and net utilization of $2.7 million (disbursements received by $365.4 million, partially offset by capital payments of $362.7 million), explains a report by the Central Bank of Honduras (BCH).
The bill that in Costa Rica authorizes the Alvarado administration to issue $1.5 billion in debt in the international market has already taken the first step in the Legislative Assembly.
At the beginning, the Treasury Department requested authorization to issue $6 billion within six years, however, the committee in charge of the file modified the text so that the limit would be $1.5 billion.
The Andean Development Corporation approved a $500 million loan for the government, which will be used to "cover the needs contemplated in the 2019 Regular Budget."
The terms of the loan are at 6 months plus a margin of 1.85% at an annual Libor rate of 18 years from the effective date of the loan agreement.
The deficit of the Central Government's Total Balance up to March 2019 is $1.267 million, 1.8% of GDP, above the 1.4% recorded at the end of the first quarter of 2018.
Total revenues with fiscal documents of the Central Government up to March 2019, totaled $1,618 million, with a 7.1% decrease with respect to March 2018, explains a report of the Ministry of Economy and Finance.
Compared to the 2018 year-end figure, Honduras' public sector external debt was reduced by $23 million up to February this year.
The ratio of public external debt to gross domestic product (GDP) was 29.8%, 1% lower than at the end of 2018 (30.8%), thus indicating the sustainability of public external debt in the medium and long term, since it remains below the prudential limit recommended by the World Bank, informed the Central Bank of Honduras.