Guatemala: Less on Infrastructure, More on Education

©image: Daniel Borman

Edgar Balsells, Minister for Public Finances, commented that a budget increase for priority reconstruction projects has not been ruled out.

On the other hand, the sector receiving the largest increase is Education, which will have an additional $126 million available (+12.5%). These funds will go toward hiring more teachers and the "My Family Progresses" program.

The whole budget will increase to $6.6 billion with income forecast to be $4.7 billion, meaning that the rest will need to be financed by debt. Hence, the cost of servicing the national debt is expected to rise by 23% to $1.04 billion.

Source: elperiodico.com.gt

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