Convergencia Research, Consultoría especializada en Latinoamérica y Caribe
Tuesday, April 09, 2019

MCTIC’s budget decreased 42% annually

The Ministry of Economy ordered a cut of 42% in the annual budget of the MCTIC (Ministry of Science, Technology, Innovation and Communications), which will now be US$ 753.5 million.

The government indicated that the results obtained during the first quarter between revenues and expenditures showed the need to proceed with the limitation of financial movements of discretionary primary expenditures of the Executive Power, in order to comply with the goals established for the central government.

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