The 2026 General State Budget has a 90-day deadline for adjustment.
Among the main observations are the use of macroeconomic variables taken out of context, the overestimation of resources and expenditures, as well as internal and external financing, in addition to an underestimated and inconsistent fiscal deficit. In terms of macroeconomic variables, Arce's PGE proposes a 0.9% growth in Gross Domestic Product (GDP), an inflation rate of 10.1%, and a fiscal imbalance of -10.28%. Espinoza pointed out that similar distortions already caused problems in 2024 and 2025, when municipalities and provincial governments received much lower amounts than budgeted due to the drop in revenue from the Direct Tax on Hydrocarbons (IDH). The approved bill maintains authorizations for public debt operations up to a ceiling of $3.5 billion through internal financing, including loans from the Central Bank of Bolivia to the General Treasury of the Nation. Espinoza warned that the high dependence on internal financing in the original budget constitutes a macroeconomic risk, which would generate inflationary pressure and greater fiscal imbalance.
