Bolivian Vice-Presidential Candidate Velasco Proposes Ending Central Bank Loans to State and Major Spending Cuts

La Paz, Bolivia – During a recent debate hosted by UNITEL, Juan Pablo Velasco, the Vice-Presidential candidate for Alianza Libre, presented a series of comprehensive proposals aimed at stabilizing Bolivia's economy and reforming its governance. Velasco's key economic initiatives include a strict prohibition on the Central Bank of Bolivia (BCB) lending further funds to the state, a measure he asserts is crucial for controlling inflation and preventing the BCB from acting as a 'petty cash' fund for the government. He also proposed a significant 25% reduction in public spending on goods and services, alongside a restructuring of public institutions, including ministries and state-owned enterprises, to achieve an estimated saving of 2.5 billion dollars for the 2026 budget. Addressing the country's energy and investment landscape, Velasco called for new legislative frameworks focusing on hydrocarbons, energy, agriculture, and foreign investment protection, specifically highlighting the need for a dedicated lithium law. Furthermore, he outlined plans to transform the Plurinational Legislative Assembly into a digital, visible, and participative institution, leveraging technology to enhance transparency and public engagement in legislative processes. Velasco underscored the importance of these reforms, stating that without investment there is no innovation, and without innovation, there are no jobs, ultimately impacting the nation's future.

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“Ni un peso más del BCB al Estado”, plantea Velasco en el debate de UNITEL …

1753677242 “Ni un peso más del BCB al Estado”, plantea Velasco en el debate de UNITEL eju.tv Tiktok by UNITEL BOLIVIA