Weekly Report - 09 July 2026 (WR-26-27)

GUATEMALA | Government unveils proposed 2027 budget. On 1 July Guatemala’s left-of-centre government led by President Bernardo Arévalo presented its proposed state budget for 2027 for Q181.6bn (US$23.8bn). Presenting the budget, Finance Minister Jonathan Menkos said that it envisaged an 8% increase in public spending compared with the previous budget, while total income was projected to rise 8.7%, driven by an estimated 9.9% rise in the tax take. He said that it would prioritise “the sustainability of public finances, the strengthening of public investment, and transparency with regard to the drafting of the budget”, adding that Guatemala’s public debt was expected to close 2027 at 27.9% of GDP, a level he described as one of the lowest in Latin America, and “one of the main indicators of the stability of national public finances”.