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Economy & Business - December 2010 (ISSN 1741-7430)

GUATEMALA: Congress approves budget

On 1 December congress approved (by 113 of the 158 members present) the government's budget for 2011. In 2009 congress did not approve a budget for 2010 which meant that the government had to roll over the 2009 budget for another year. The 2011 budget calls for spending of Q$54.4bn (US$6.8bn), up from Q49.7bn in 2009. The 2011 budget had been before congress since 1 October.

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