Bolivia's Congress passes President Paz's first budget with a smaller fiscal deficit
Bolivia's lower house passed President Paz's reworked 2026 budget on Saturday, July 4, after hours of debate. The plan aims to cut the fiscal deficit toward about 9% of output and waives import duties and value-added tax on certain items for five years.
Bolivia's lower house passed President Paz's reworked 2026 budget on Saturday, July 4, after hours of debate.
Officials say the plan aims to cut the fiscal deficit toward about 9% of output, down from a much higher base. The budget also includes incentives that waive import duties and value-added tax on certain items for five years.
The measures were presented as part of the government's effort to balance public finances and encourage investment. The budget's progress through the legislature and its implementation will be watched in the coming period.
Read next
US Justice Department defends move to drop criminal charges against Indian billionaire Gautam Adani
The US Justice Department has defended its move to drop criminal charges against Indian billionaire Gautam Adani. The department argued that the securities charges never should have been brought in the first place.
Nigeria's federal government has recruited 37,000 health workers since 2023, official says
Hunger in northern Nigeria hits worst level in nearly a decade, over 17 million at risk, WFP says
Maltese businessman goes on trial over 2017 murder of journalist Daphne Caruana Galizia
