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Bolivia: Commentary lists previous, present governments' economic policy errors.

Asia Africa Intelligence Wire

| October 09, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From BBC Monitoring International Reports)

Text of commentary by Herbert Muller: "One mistake after another" published by Bolivian newspaper Los Tiempos web site on 6 October

The freezing of fuel prices on the domestic market since the year 2000 is producing an extremely high cost for the country and explains much of the fiscal deficit. The National General Treasury has stopped receiving at least 600m dollars but, what is even more serious, public funds are being allocated to subsidize the price of fuel for rich and poor, and for inhabitants of the border towns.

When Gonzalo Sanchez de Lozada took charge of the government, he and his ministers assumed that the United States would finance the fiscal deficit, thereby …

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