Investment of the General Government grew 28.9% year-on-year in July, reported the BCR

The Central Reserve Bank (BCR) reported that the general government investment increased by 28.9% year-on-year in July, registering progress in the execution of the three government instances.

The greater investment of the national government and local governments stood out at 34.8% and 30.4%, respectively, and to a lesser extent of regional governments at 16.2%.

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According to groups of projects and activities, the reconstruction group grew by 24.3%, in particular from the national government in the framework of the government-to-government agreement with the United Kingdom; and the item “rest” in 40.8% in the three levels of government.

In the period January-July 2022, the investment of the general government increased by 7.3%, due to the higher level of spending of subnational, regional and local governments by 11.5% and 12.4%, respectively, while it contracted in the national government (-0.1%).

So far this year, there has been a significant increase in the “rest” of projects and activities and lower response costs to COVID-19 and reactivation.

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