At the end of the second month of the year, economic activity registered an interannual variation of 3.3%, explained by the performance of the fishing and transport sectors.
The Government and the private sector have started negotiations to create a proposal for fiscal reform, which could include, among other things, changes aimed at achieving the financial sustainability of the Social Security scheme.
Without revealing details of the first sessions, the Higher Council of Private Enterprise (Cosep) reported that the reform negotiated with the authorities is focused on preventing insolvency of the Nicaraguan Social Security Institute and guaranteeing the country's economic growth.
During the third month of the year, the CPI recorded a monthly variation of 0.14%, mainly explained by the prices of accommodation, water, electricity and gas, and restaurants and hotels.
In 2017, 35,055 employers registered with the Nicaraguan Social Security Institute, which represents an increase of 7% compared to the 32,744 reported in 2016.
According to the Social Security Statistical Yearbook, last year " ...
Last year, economic activity and employment generation continued to rise, cumulative inflation reached 5.7% and international reserves were strengthened.
From a statement issued by the Central Bank of Nicaragua:
During the first two months of the year, the country received $229 million in the form of remittances from abroad, which is equivalent to an increase of 9.6% compared to the same period in 2017.
From a statement issued by the Central Bank of Nicaragua:
At the end of the first month of the year, economic activity recorded an interannual variation of 4%, which was explained by the performance of fishing and agricultural activities.
Local authorities reported that during the first month of 2018 there were 911,104 workers affiliated in the social security scheme, 2.4% more than was reported in January 2017.
The Central Bank of Nicaragua (BCN) reported that the "...
In one of the regions that receives the least amount of taxes in the world, the tax burden remained relatively stable in 2017.
From the section Fiscal Outlook for Central America, from the report "Macro-fiscal Profiles: 9th edition", by the Central American Institute of Fiscal Studies (Icefi):
Standard & Poor's has maintained the rating of B+ for long-term sovereign debt, arguing that economic growth is stable and the burden of public debt remains moderate.
During the last five years the number of workers affiliated to the social insurance scheme increased by 35%, rising from 673 thousand in 2013 to 914 thousand in 2017.
According to figures from the Central Bank of Nicaragua, in the five-year period between 2013 and 2017, the affiliation of workers to the Nicaraguan Institute of Social Security (INSS) registered sustained growth, reporting an average annual increase of 8%.
In December of last year, year-on-year growth of economic activity was 5.3%, explained for a fourth consecutive month by fishing and aquaculture activities, and agriculture.
The electricity and agriculture sectors were responsible for the year-on-year increase of 4% registered in the number of workers affiliated with the social insurance scheme up to December 2017.
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