Bolivia has had the highest fiscal deficit in South America after Evo Morales left power. This implies a greater public expenditure over the reduced income they have received in recent years. Morales resigned after 14 years in power and shows his government left a fiscal deficit that will take its toll on the new government.
The former president of the Central Bank of Bolivia, Juan Antonio Morales, said that during the Morales government, these public expenses were the Achilles’ heel of Bolivia’s first and only indigenous leader. Thus, he stressed that, during 2006, Bolivia enjoyed a fiscal result of 4.5% in surplus; however, after the election of the socialist ex-leader, the following year it fell to 1.7%.
During Morales’ term, this result ranged between 3.2% and 0.7%. However, in the last 5 years, it began to show greater state spending on income from activities as well known in Bolivia as copper, gold, among the exploitation of other minerals. In 2018, the final balance was -8.3%. A historical figure only surpassed in 2002 and completely different conditions than today.
On the other hand, Bolivia’s GDP per capita index positions the Andean country as one of the worst places to live. “The GDP per capita is a very good indicator of the standard of living and in the case of Bolivia, in 2018, it was € 3,005, so you find this figure is in the final part of the table, in the post 124. Its inhabitants have a very low standard of living according to the ranking where 196 countries are shown with their GDP per capita.”, had been mentioned by the statistics website datosmacro.com
Also, according to the United Nations Human Development Index, Bolivia does not have a good quality of life compared to other countries in the region. Uncertainty about the future of Bolivia will be defined in the next elections in which the former president will not participate.