Manuel Filomeno reports for Pagina Siete: Seminar: 55% of workers’ income goes to taxes The director of Inaset noted that the compensation of workers as a percentage of GDP was reduced from 36% to 25% until 2013. In recent years, workers have allocated up to 55% of their income to pay taxes, according to a…
Tag: macroeconomics
Bolivian Authorities Arrest 60 ‘Cryptocurrency Promoters’
Aaron van Wirdum reports for Bitcoin Magazine: Bolivian Authorities Arrest 60 ‘Cryptocurrency Promoters’ The Bolivian Financial System Supervision Authority (ASFI) arrested 60 “cryptocurrency promoters” last week. According to a statementpublished by the ASFI, in which it refers to bitcoin and several altcoins, the arrestees were carrying out “training activities” relating to investments that have “characteristics of…
Bolivia Outlook Cut to Negative by S&P
Latin American Herald Tribune: Bolivia Outlook Cut to Negative by S&P By Delfina Cavanagh, Marina Neves, & Joydeep Mukherji Standard & Poor’s Global Ratings OVERVIEW Low export prices for natural gas, combined with thus far only modest success in boosting prospects for gas production, are weighing on Bolivia’s external position. Potentially prolonged current account deficits, continued high…
Expert Says Bolivia Must Adjust to Economic Lean Years
Latin American Herald Tribune reports: Expert Says Bolivia Must Adjust to Economic Lean Years LA PAZ – The boom that Bolivia enjoyed during the last 10 years has given way to a downturn and the country must now adjust its economy to the lean times that are just starting, an economist warns. Gonzalo Chavez pursued…
Bolivian State at risk of losing $ 191.2 million due to ochlocrat behavior of ruling party
El Diario reports: Bond purchases from El Salvador State at risk of losing $ 191.2 million • BCB: Bonds from El Salvador are “fully” guaranteed by the Central American Bank The state is at risk of losing $191.2 million dollars, owing to the economic instability of El Salvador, said Sen. Óscar Ortiz, a Democrat, who…
Bolivia says February inflation was 0.38 percent
Reuters reports: Bolivia says February inflation was 0.38 percent Bolivian consumer prices rose 0.38 percent in February, the official National Statistics Institute said on Friday, marking an increase in inflation from 0.10 percent in January. Rising food and beverage prices led February’s increase. The South American natural gas exporting nation expects inflation of 5.03 percent…
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