Tuesday, April 19, 2011

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To date 2011 budget execution reached only 21.9%

At almost the end of the first quarter of fiscal 2011, the public sector budget execution, only an increase of 21.9%. According to the Economic Transparency Portal Ministry of Economy and Finance, national government agencies and regional, are coming to have a better performance in implementing the budget with 22.9% and 22.5% respectively, while local governments have only an increase of 16.7% of their expenses (see chart).

While budget execution is slow in local government, this is mainly due to climatic factors limiting and prevented in many cases the implementation of public investment projects, mainly in the municipalities of the highlands and jungle. Note that the rainy season is ending, and municipalities are expected to start with the implementation of planned projects for the benefit of the population that demands the presence of the State ...

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