Bolivia is implementing drastic measures, including the elimination of lunch breaks and reduced schooling, to address a severe fuel shortage. President Luis Arce emphasized negotiations with public investment and outlined priority actions for fuel distribution and smuggling control amid ongoing economic difficulties. Inflation and fiscal deficit present additional challenges as the government navigates this crisis.
In an effort to mitigate a severe fuel shortage, Bolivia’s President Luis Arce has announced measures including the elimination of lunch breaks for public servants and reduced in-person schooling. These changes aim to alleviate the transportation burden and address the ongoing protests that have arisen due to fuel shortages, which have further exacerbated the nation’s economic struggles.
Bolivia’s economy has faced significant challenges since 2023, as fuel imports have dwindled following a decline in gas sales, previously the country’s leading source of foreign revenue. In a televised address, President Arce asserted, “Bolivia is not bankrupt… it has an economy that continues to generate public investment,” as he summarized the current economic landscape.
Key actions to be implemented include a 50% reduction in state vehicle usage, increased virtual classes to minimize transport needs, and revised work hours for public employees from 8:30 am to 4:30 pm without breaks, aimed at reducing traffic congestion during lunch hours. The agricultural sector has been prioritized for fuel distribution, along with intensified military measures to combat fuel smuggling.
Inflation in Bolivia has reached its highest in 16 years, with a growing fiscal deficit complicating fiscal management. President Arce added, “The problem our country faces today is very simple, it is the lack of temporary dollar liquidity.” Meanwhile, the political future remains uncertain, with speculation regarding Arce’s potential reelection bid and the controversies surrounding former President Evo Morales, who faces multiple charges that hinder his political comeback effort.
In summary, Bolivia is facing a significant fuel crisis that prompts government interventions such as cutting public service breaks and altering educational formats to curtail transport needs. The economic climate remains challenging, highlighted by high inflation rates and a growing fiscal deficit, while the nation’s leadership is under scrutiny regarding potential reelection and the return of former leaders related to personal allegations.
Original Source: business.inquirer.net
