Bolivian government ad reminds that fuels increased 84% in Uruguay

The Bolivian Ministry of Economy presented an advertising spot in which a young man talks about the socialist government’s economic strategy to contain the prices of oil derivatives, which in that country have increased by 0%.

“What? Gasoline in Bolivia does not go up in price, not even now with the Ukraine-Russia war? How 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!” says the actor in the spot.

“And in Bolivia: 0%. Do you think it’s magic? No! It’s thanks to the Bolivian economic model, which thinks about the welfare of the people who take care of your pocket,” continues the ad’s script, adding that the State makes “many efforts” to keep hydrocarbon prices immovable.

A COUNTRY WITH ALMOST NO INFLATION

The government of President Luis Arce was led by the Movement Towards Socialism (Movimiento Al Socialismo – MAS) party, the same party led by Evo Morales for several years, and democratically ascended to the presidency after the crisis unleashed by the alledged coup d’état carried out by the military and police that 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 semester of 2022 closed with an inflation of only 1.2%, while in the rest of the region, some countries even reached double digits.

Bolivia’s 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 family basket products, and price controls, according to government economic authorities.

The Central Bank assures that everything is related to strong market confidence in the local currency, the Boliviano (BOB).

“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 statement at the close of the semester.

2021 was also a good year for inflation in the Andean country: it closed with just 0.9% annually, and 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%.

With information from La Red 21

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