The external cause of this fall is the decrease in prices, but there is also an internal cause linked to the lack of new discoveries. Since 2006, 74 exploratory wells have been drilled – a low number by international standards – and none of the drilling was successful. The scarcity of investments in gas and mineral extraction constitutes one of the weak mobile phone number list points of the eminently redistributive model designed by Arce and Morales. This weakness has manifested itself in recent years in a growing lack of financing in the economy, which has suffered mobile phone number list ever-increasing trade and fiscal deficits.
The recession caused by the pandemic has accelerated and deepened this drift, the same as, as Arce has denounced, the irresponsibility of the authorities that mobile phone number list preceded it, under the command of Jeanine Áñez. This year's fiscal deficit will exceed 12% of GDP. In addition, according to the Ministry of Economy, the interim government increased the external debt by 1,500 million dollars, with which it went from 27% to 30% of GDP, and increased the mobile phone number list internal debt by 2,700 million dollars, up to a total Out of 8. 700 million dollars, which is equivalent to 21% of GDP.
Therefore, greater indebtedness is now mobile phone number list inadvisable.On the other hand, from October 2019 – that is, before the political crisis that occurred after the elections that month and the subsequent overthrow of President Evo Morales – until now, foreign exchange reserves fell from 7,400 to 5,100 million dollars. . It is not clear what Arce will do to mobile phone number list correct the behavior of the Bolivian economy.