LatinNews Daily - 26 November 2021

* Bolivia’s economy and finance minister, Marcelo Montenegro, has presented the government's national budget proposal for 2022, which envisages spending of B$235.09bn (US$34.07bn) – a 2.9% increase on the approved version of the 2021 budget. The proposed budget plans for an increased tax haul of 12.1% compared to 2021, which will be used to fund a 25% increase in public investment. Montenegro said that the government expects Bolivia’s GDP to grow by 5.1% in 2022, and for the fiscal deficit to decrease from 9.7% to 8% of GDP. The budget proposal must now be debated and approved or modified by congress.