Nicaragua Slashes Budget Due To Socio-Political Unrest

The Asamblea Nacional de Nicaragua (Nicaragua’s National Assembly) on Tuesday approved a drastic cut to the national budget because of the economic impact of months of anti-government unrest.

The legislators approved a 9.2% reduction of the Ley Anual de Presupuesto General de la República 2018 (2018 budget), projecting US$180 million less in spending to partly make up for a drop of US$220 million in government income.
The vote was 75 in favor, 15 against and zero abstentions.
The cuts will affect government agencies such as the ministries of Education, Health and Public Works like in new roads.
It was the steepest cut seen in the past 11 years that President Daniel Ortega has been in power.
The minister for finance and public credit, Ivan Acosta, blamed the reduction on protesters

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