Presentation
by Luis Alberto Arce Catacora, Minister of Economy and Public Finance
Since 2006, under the direction of the President of the Plurinational
State of Bolivia Evo Morales Ayma, we the Government and the people have worked
designing a new State and a new economic model steaming from an analysis of the
structural crisis of capitalism and from a commitment to change our reality up
to then characterized by economic and social exclusion to most Bolivians since
the colonization period. Exclusion got worse during the twenty years of
neoliberalism before 2006.
The New Economic Social Community Productive Model was built based on sovereignty
of our economic policy. On these grounds, a historic decision about nationalizing
the Bolivian hydrocarbons was taken, in accordance with the people’s mandate,
adopted after overcoming neoliberal policies.
By means of that important decision, the State began to recover the
control over strategic sectors of the economy, which allowed us Bolivians to
take control of the economic surplus previously deprived from us; and apply a
policy of income redistribution through Conditional Cash Transfers programmes
(Juancito Pinto, Dignity Rent, Juana Azurduy,) public investment, inversely
proportional wage increases , and crossed subsidies among other measures.
Through the New Economic Model, we engaged in strengthening the role of
the State that now directs the economy for the purpose of transferring the
economic suplus -steaming from strategic sectors’-to income-employment
generating sectors in order to articulate existing structures of economic organization
in Bolivia (State, community, social, cooperative and private,) under the
principles of complementarity, reciprocity, solidarity, redistribution,
equality, legality, sustainability, equilibrium, justice and transparency.
In the same vein, we recovered sovereignty on fiscal, monetary,
financial and exchange rate policy in order put them to work for the economic
and social development of the Bolivian people. Since 2006, every year we
self-design our Fiscal-Financial Programming. Since then the fiscal policy is oriented
to achieve growth with income redistribution , output incresing,
industrialization, food sovereignty and job creation. We pursued the
de-dollarization of the economy which was before highly dollarized; and we also
transformed the financial system in order it to go along with the Government’s
social objectives. The Government also enhanced and diversified the productive
matrix.
It is also important to highlight that because of the implementation of
social and income redistribution policies, supported by higher levels of public
investment; we managed to stimulate domestic demand for it to become the main growth
engine, which is oriented towards developing productively and industrially our
natural resources and eradicate the multiple dimensions of inequity and
poverty. In this document, we describe the main achievements reached since
2006, because of the implementation of the New Economic Social Communitarian
and Productive Model, which are outcomes from a collective effort to improve
the quality of living and reach what we call the Vivir Bien (Live Well) for
Bolivian people.
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