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Reuters
Reuters
Business
By Monica Machicao

Bolivia to protect big-state economic model, plans ‘aggressive’ gas push: minister

FILE PHOTO: Fruit vendors chat at a street market in La Paz, Bolivia October 8, 2020. REUTERS/David Mercado

Bolivia is committed to protecting its subsidy-reliant, big-state economic model despite deficit risks and is planning an "aggressive" push into gas exploration, the economy minister told Reuters.

The landlocked nation is a key gas producer and subsidizes the sector to rein in fuel prices as well as the production of goods and services. This has helped drive inflation to 3% a year, one of the lowest rates in the world.

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