jueves, 14 de octubre de 2010
Millionaire Incomes on Hydrocarbon Taxes
The state-owned petrol company of Bolivia (YPFB) confirmed today that until last September state revenues amounted to 1,052 million dollars in royalty payments and direct taxes on hydrocarbons (IDH).
According to Carlos Villegas, YPFB director, that money is the result of the nationalization of the sector in 2006.
Villegas said that through the appropriate bodies those incomes will be used for the benefit of the population.
In the first 10 months of the current year YPFB company paid 670 million dollars in IDH.
He said that in royalty payments YPFB deposited almost 382 million dollars in the accounts of the General Treasury of the Nation, the producing departments and the regions of Beni and Pando.
The increase in tax revenues from the hydrocarbons sector are driven by increased demand for natural gas from Argentina and Brazil in the winter period.
The largest amount of departmental allocation of royalties came from the oil department of Tarija (south), with 160.7 million dollars.