Latinnews Daily - 31 October 2017

Bolivia: Economy & Finance Minister Mario Guillén, has said that the government will not pay the ‘Christmas bonus’ to public and private workers this year as domestic economic growth in the first half of the year was only 3.94%. Under legislation introduced in 2013, the Bolivian government pays out a Christmas bonus whenever GDP grows by 4.5% or more in the first two quarters of the year. Guillén said that GDP growth this year had been held down by lower activity in the national hydrocarbon sector, where natural gas exports to Argentina and Brazil fell by 5.8% in the first half of the year. This is the second year in a row that the Christmas bonus will not be paid in Bolivia, having previously been paid consistently in 2013-2015.

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