Guatemala Presents Preliminary Budget Report

It serves as basis for the General Budget of Revenues and Expenditures of the State, and establishes the economic variables to be used as assumptions, together with the maximum ceilings which the Cabinet can authorize per year.

For 2012-2014, the paper assumes an average nominal GDP growth of 8% and an inflation rate of between 3% and 4%.

Additionally, total spending for the period is forecast to average $7.500 million and issuance of bonds estimated to average $1.094 million.

Source: Ministerio de Finanzas Públicas (Guatemala)

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