Bolivians believe the dollar shortage is causing the crisis and that subsidies should be eliminated | Los bolivianos creen que la falta de dólares causa la crisis y que se debe eliminar la subvención

By Marco Antonio Belmonte, Vision 360:

Ipsos Ciesmori Data

84% of those surveyed reported having difficulties obtaining dollars. Regarding fuel subsidies, 56% support the elimination of these subsidies, according to the Ipsos Ciesmori poll.

El BCB el año pasado decidió la venta directa de dólares. Foto:ABI

BCB decided last year to sell dollars directly. Photo: ABI

The lack of dollars is perceived as the factor most affecting the current economic situation, according to an Ipsos Ciesmori survey. More than half of those interviewed support the removal of fuel subsidies—some believe it should be done gradually, while others think it should happen all at once. This was revealed by the Public Opinion Monitor, third quarter 2024, conducted by the company through surveys in the central urban areas.

The survey asked, “How much do you believe the following aspects affect the current economic situation?”

84% of respondents said that the dollar shortage is the most impactful factor on the current economic situation. Additionally, 71% believe that fuel subsidies are a significant factor, 63% point to state-owned enterprises, and 55% highlight food subsidies.

Infographics: Diego Gonzáles

Have you had trouble obtaining dollars in the last month?

In response to this question, 84% of survey participants—about two-thirds—indicated they had difficulties obtaining dollars in the past month, highlighting the currency shortage in the country.

56% of respondents said they faced significant challenges, 13% reported some difficulties, 29% stated they did not attempt to obtain dollars, and only 2% claimed they had no difficulties.

Fuel Subsidy

According to the Ipsos Ciesmori survey, more than half of respondents support gradually removing the fuel subsidy.

When asked, “Do you believe the government should maintain the gasoline and diesel subsidies, or start phasing them out?”

47% answered that the subsidy should be gradually removed, 9% said it should be eliminated immediately, 24% believed it should be maintained, and 19% were unsure or preferred not to respond.

In August this year, the Ministry of Hydrocarbons reported that the cost of the gasoline and diesel subsidy had already exceeded $2 billion by that month.

In 2023, the hydrocarbon subsidy closed at a cost of 12.678 billion bolivianos (over $1.8 billion), which was 65.8% higher than initially projected in the General State Budget (PGE), according to the Ministry of Economy.

Of this amount, 12.477 billion bolivianos were allocated to diesel and gasoline, while 202 million bolivianos were directed toward incentives and other expenses.

For 2024, the PGE has projected a subsidy cost of 9.803 billion bolivianos ($1.406 billion) for fuels.

On August 6, President Luis Arce proposed a referendum for the population to decide whether to continue the fuel subsidies.

The Survey

The Monitor of Public Opinion (MOP) is a systematic study conducted monthly by Ipsos Ciesmori in the four main cities of Bolivia. Its results are compared with global data from over 30 countries, providing a local context with a global perspective.

The sample size for the survey was 1,200 cases. The design and sample size provide a reference margin of error of ±2.72, according to the company.

Surveys were self-administered online via fixed internet connections, social networks, and mobile connections. Men and women aged 18 and older with internet access, either through computers, tablets, or cell phones, were surveyed. The fieldwork was conducted from July 5 to 17, August 9 to 16, and September 7 to 12.

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