The one who is not going to like this spot from the Bolivian Ministry of Economy on fuel prices in South America is Luis Lacalle Pou pic.twitter.com/7A4EEogvDB
– Juan Manuel Karg (@jmkarg) July 17, 2022
The Bolivian Ministry of Economy presented an advertising spot in which a young man talks about the economic strategy of the socialist government to contain the prices of oil derivatives, which in that country have increased 0%.
“What? That gasoline in Bolivia does not go up in price, not even now with the Ukraine-Russia war? That’s crazy! Because in Ecuador it shot up 30%, in Argentina 18%, in Chile 40%, in Brazil 49%, in Paraguay 59%, in Peru 64%, and not to mention Uruguay: 84% increase! actor in the spot
“And in Bolivia: 0%. Do you think it’s magic? Nope! It is thanks to the Bolivian economic model, which thinks about the well-being of the people who take care of your pocket”, continues the ad script, adding that the State makes “many efforts” to keep the prices of hydrocarbons immovable.
A country with almost no inflation
The government of President Luis Arce came hand in hand with the Movimiento Al Socialismo party, the same party led by Evo Morales for several years, and democratically ascended to the presidency after the crisis unleashed by the military and police coup that They ended up placing Jeanine Añez (now sentenced to prison for these events).
The economic policies of the socialist government have had good results, since the first half of 2022 closed with inflation of just 1.2%, while in the rest of the region some countries even reached double digits.
The Bolivian Consumer Price Index (CPI) stood at 1.2% in the first six months of the year, one of the lowest figures in South America, thanks to a controlled exchange rate, subsidies on basket products family and price control, according to government economic authorities.
The Central Bank assures that everything is related to a strong confidence of the markets in the local currency, the Bolivian. “So far in 2022, the economic conditions observed in the countries of the region contrast with the performance of the Bolivian economy in terms of economic results, price stability and confidence in our currency,” the bank said in a closing statement. the semester.
2021 was also a good year for inflation in the Andean country: it closed with just 0.90% per year and, additionally, government projections say that the country will grow 5.4% at the end of 2022, with inflation of 3. 4% and a fiscal deficit of -8%.
