Humberto Vacaflor, El Diario: End of the oil companies The reign of oil has lasted 161 years until now but it goes out like a candle, just like the reign of mineral coal, which has lasted until now for 260 years and goes out like an ember. According to Antonio Escohotado, a Spanish researcher, in…
Tag: deficit
Lies are not exported – No se exporta mentiras
Humberto Vacaflor writes in El Diario: Lies are not exported It is somewhat humiliating for a Bolivian official to have to explain to a Brazilian official that Bolivia cannot send the agreed volume of natural gas. And even less if it is the natural gas owed. A gas for which Brazil paid in advance, and…
We spend more, don’t we need to invest?
Pagina Siete has a excellent article today: The budget for recurrent expenditures (salaries and wages, goods and services, interest and other debt) tripled between 2006 and 2011; during that time it went from 22,158 million to 69,453 million Bolivianos (exchange rate is “appreciating” the Bolivian currency, thus benefitting imports which are mostly sumptuary goods, subsidies and damaging our fragile export industries; one…
Bolivian Thoughts 