Bolivian President Arce Says He Will Not Change the Country’s Economic Model
Bolivia’s president, Luis Arce. Photo: EFE/ Gabriel Márquez
January 4, 2025 Hour: 2:52 pm
The president of Bolivia, Luis Arce, said this Saturday that his government will not change the economic model based on social organizations, despite criticism from the opposition and analysts for the economic situation in the country, and also announced that it will defend and improve the economic stability of Bolivians.
RELATED:
Cuba and Bolivia Join BRICS as Partner Countries: A Step Towards Regional Integration
“That is the basis of our economic model that we are not going to change (…) we will improve it for the benefit of the Bolivian people, with you we will do it,” said the president in his speech during the anniversary of the Women’s Federation “Bartolina Sisa” in the eastern region of Santa Cruz.
Arce recalled that this social organization, like others, founded the Movement to Socialism (MAS), an official party based on “rebuilding the country and recovering natural resources” for the benefit of the population.
The Bolivian president stated in his speech that his government is committed to ensuring the economic stability necessary for the country, highlighting the achievements made in this area and reiterating that it will continue working to maintain such stability.
According to official data, the Bolivian model achieved growth indicators despite opposition sectors claiming that the economic model is exhausted, but without proposing alternatives that would privilege the interests of the population.
The total aggregate budget amounts to 369,341 million bolivianos (official currency of Bolivia), while the consolidated budget totals 296,566 million bs, that is, they are increased by 8.5% and 11.7%, respectively, compared with EGP 2024. Of the consolidated expenditure budget, of Bs 296,566 million, 58.8% (Bs 174,235 million) is current expenditure, 17.2% (Bs 51,046 million) capital expenditure and 24.0% (Bs 71,285 million) use funds.
For the subsidy on fuels, inputs and additives, it allocates BRL 15,156 million, and for the subsidy on food a total of BRL 750 million (wheat, BRL 383 million; maize, BRL 268 million and rice, BRL 99 million).
Autor: ACJ
Fuente: ABI // EFE