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; oneContinue reading “We spend more, don’t we need to invest?”