Bs 25,500 million can be saved by closing or transferring public companies | Se puede ahorrar Bs 25.500 millones con cierre o transferencias de empresas públicas

By Lidia Mamani, Eju.tv:

They see that Bs 25,500 million can be saved by closing or transferring public companies, proposals from the second meeting of economists

This can be done without affecting the funds allocated for public investment, health, education, justice, social, among others.

The second day of the Economists’ Meeting, yesterday in Santa Cruz. / Video capture
eju.tv / Video: Darío Monasterio
Lidia Mamani / La Paz

A sum of 25.5 billion Bolivianos is the amount that can be saved by closing or transferring deficit-ridden public enterprises, with the aim of overcoming the economic crisis in Bolivia. This is one of the short-term proposals that emerged at the Second Meeting of Economists, held on July 24 and 25 in Santa Cruz.

“An investment public savings of 25.5 billion Bolivianos; savings in public enterprises with the closure or transfer to the private sector, there are companies that can no longer exist. We could look at the issue of large companies, but the detail is that there should not be an expenditure of 6.5 billion Bolivianos in public companies,” said economist Darío Monasterio.

He clarified that this can be done without touching the resources allocated for public investment, health, education, justice, social services, among others. For this, the public-private partnership should also be applied. “It is possible to return to a fiscal surplus in the short term, for which it is necessary to strengthen institutions and generate confidence,” he affirmed.

He mentioned that to achieve this, it is suggested to liberalize exports by simplifying procedures; apply fiscal relief through the elimination of the Wealth Tax; simplify the tax system, which is one of the most cumbersome when it comes to paying, which can attract foreign investment, as Paraguay does despite being a smaller territory.

They also suggest leveraging Mercosur to negotiate with other blocs like the United States, the European Union, and China.

Additionally, they consider it necessary to institutionalize the Central Bank of Bolivia (BCB), since interim appointments have been in place since 2009, as well as in the Office of the Comptroller General of the State, the National Customs, the Attorney General’s Office, YPFB, ENDE, and other executive positions, which generates distrust.

He also said that updates are needed for the Labor Law, the Financial Services Law, the Civil Code, the Hydrocarbons Law, the implementation of Artificial Intelligence, the fiscal pact, and constitutional reform.

Leave a comment