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Nicaragua cancels transport subsidy

Since January 1st the $1.30 subsidy per gallon of fuel for public transport has been eliminated.

Monday, January 5, 2009

©image: Alex Cascone

According to prensalibre.com, "transport cooperatives expressed their concern about the suspension, as they maintain that their operating costs are high.

"Fuel prices may have dropped, but the rest of our raw materials have increased and that needs to be addressed now, we need to adjust the fares," said the head of the National Taxi Movement, Alan Vargas.

Source: prensalibre.com

Key entities

Andrés Lara

Countries

Nicaragua

Insight

Subsidies transportation costs Fuel Public transport Transportation

Nicaragua Announces $44 Million Subsidy for Transportation Companies

May 2010

The government will subsidize 200.000 daily gallons of fuel to the country’s 26.000 authorized transportation agents.

After negotiating with transportation companies, the government agreed to pay for $0.35 of each gallon of regular fuel and $0.40 of each gallon of diesel. The measure will apply to taxis and inter-urban, inter-municipal and sea transportation companies.

El Salvador doubles transport subsidies

June 2008

El Salvador President Antonio Saca has confirmed that the government has agreed to double the amount of the subsidy to transporters.

The subsidy for buses and microbuses will be doubled, with the hope that this stabilizes the fares for urban transport at between 25 and 28 cents, Saca said.

El Salvador: Demand for Public Transportation Reform

March 2011

Businessmen are concerned with impunity in the public transportation system and are requesting for the government to enforce the Law without exceptions.

Press release from the Chamber of Commerce and Industry of El Salvador:

Monday March 7, 2011

Chamber requests a comprehensive reform in public transportation

Costa Rica: Rice Subsidy Only benefits Large Producers

May 2012

In Costa Rica, the current mechanism mainly benefits 30 large producers, who received $80 million in subsidies in 2011.

Despite warnings from the WTO, Costa Rica continues to subsidize rice production, a benefit which actually goes to about 30 large companies, rather than groups of small producers, and is "an unnecessary risk" according to the former Foreign Trade Minister Alberto Trejos, who added that "it is like going to the Country Club in Escazú to hand out Family Allowance resources."

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