The Inter-American Development Bank approved two lines of credit totaling $500 million, resources that will be used by the Government to finance the public budget and policy reforms to ensure fiscal sustainability and maintain macroeconomic stability.
One of the approved lines incorporates contingency measures to increase spending related to the health emergency and targeted support to households and businesses affected by the crisis, informed the Inter-American Development Bank (IDB).
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.
With the deadline for Congress to approve the 2020 public budget expiring, the Guatemalan government must work with the 2019 budget, so some investments in public infrastructure could come to a halt in the first months of the year.
Last November 30, the deadline for the Congress of the Republic to approve the draft budget of income and expenditures of the nation for 2020, which amounted to Q91.9 billion ($11.9 billion) and was not endorsed by most deputies.
Road maintenance for $258 million, construction of an overpass for $58 million and the development of an energy park for $19 million, are some of the investments included in the 2020 National General Budget project.
Regarding the general amount of public investment included in the Fodes de las Alcaldías, the project discussed in the Assembly contemplates that by 2020 it would reach $1.243 million, an amount that would be 23% higher than that approved for 2019.
Because between 2018 and 2019, the consumer's fixed expense free budget in Costa Rica is estimated to have decreased from 18% to 14% of total revenue, four out of ten buyers made the decision to change brands, and two are considering doing the same.
A study presented by Elfinancierocr.com, explains that women are the most affected by the economic situation of the country, since they said that after subtracting all their fixed costs, they only have 12% of their budget.
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.
In Costa Rica, an additional $12 million was approved for the construction project of the new Legislative Assembly headquarters, and part of the resources will be used to cover change orders in the construction of the building.
According to official documentation, ₡2.526 million ($4 million) will be used to fulfill change orders in the building's construction, ₡1.522 million ($2.4 million) were requested for exchange rate differential increases, ₡1.016 million ($1.6 million) for interest rate increases on loans granted and ₡2.589 million ($4.1 million) for working capital.
The 2019 budget approved by the National Assembly includes almost $9 billion for investments and $2.943 million for debt service.
Panamanian authorities informed that the approved project includes an adjustment of 350 million balboas additional to the budget initially budgeted by the Ministry of Economy and Finance (MEF).
According to a MEF statement, from this total, $8,996 million are for investments, another $11,930 million will be used for the functioning of the State, and $2,943 million for debt service.
The budget presented by the Salvadoran government for next year will be 23% higher than in 2018 and increases to $1.613 million the gap to be financed.
The Salvadoran Foundation for Economic and Social Development (Fusades) reported that the draft National General Budget 2019 (PP2019) totals US$6,733.2 million, an increase of US$1,265.7 million (23.1%) over the voted budget 2018 and is equivalent to 24.9% of the gross domestic product (GDP) 1.
The Sanchez-Ceren administration plans to issue $800 million in debt securities to repay obligations that will expire next year and another $1.407 million to complement the 2019 national budget.
The Ministry of Finance presented to the Congress next year's Budget project, which includes, among other aspects, adjustments to the fiscal deficit that the government will register next year.
The budget presented to the Congress includes $146 million for the construction of the El Chaparral hydroelectric plant, and $83 million for road maintenance.
From the statement of the Ministry of Finance:
September 28th, 2018. Head of the Ministry of Finance, presented to the Legislative Assembly the project of the General Budget of the State for Fiscal Year 2019, which amounts to $6,733.2 million, approved by consensus and with unanimous agreements, in the Extended Council of Ministers, called and presided over by the President of the Republic, Professor Salvador Sanchez Ceren.
The country's Assembly has agreed to prepare a reform of the Budget Law to use the resources in the Citizen Security Plan.
The institution reported that the resources to be incorporated come from funds pending from the special contributions of the second quarter and from the funds collected in the last quarter, with total resources to be distributed amounting to $22,822,950.
Among the Canal Authority's investment plans for 2019 is construction of a second dump for the management of the reservoirs, and the purchase of a floating dock and crane.
The budget approved by the Assembly for next year includes specific items requested by the Canal Authority (ACP), which project several investments to improve the performance of the interoceanic highway.
The Varela administration's budget for next year includes $4.032 billion for the City of Health and new polyclinics, Metro Lines 2 and 3, and construction of road works, such as the Santiago-David highway.
The budget presented by the Ministry of Economy and Finance in Panama includes several items for public investment projects, which together amount to just over $4 billion, according to the institution's budget report.
The proposal put forward by the Varela administration to the Assembly includes $5.225 billion for investment projects and $2.581 billion for servicing debt.
The Ministry of Economy and Finance reported that "... the proposal includes important public investment works, such as the Panama Metro ($582.8 million), the Fourth Bridge over the Canal ($288.7 million), Roofs of Hope ($163.6 million), Urban Renovation of Colón ($98.4 million), Sanitation of the Bay ($108.2 million), potable water and sewerage projects ($179.1 million), construction of hospitals and polyclinics in Colón, Darién, Veraguas, Chiriquí and Los Santos ($319.5 million), among other things."
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