SUPPLEMENTARY POLICIES PROPOSAL TO HELP THE BALANCE OF PAYMENTS IN BOLIVIA

Abstract

The article examines deficiencies in the oversight of Bolivia's mining sector and proposes supplementary policies to improve tax collection and foreign currency generation amidst an economic crisis marked by a balance of payments deficit. Despite the mining sector's significant contribution to national economic growth, there are severe distortions in tax payments, with a weak correlation between export value and collected taxes. Issues such as tax evasion, inequitable tax exemptions, inefficient oversight, and underutilization of valuable elements in mineral concentrates are identified. The document proposes implementing stricter oversight mechanisms, redesigning the tax system to ensure payments in foreign currency, and reconsidering concession contracts with foreign companies. It also emphasizes the need for coordination among regulatory entities and modernizing control systems to prevent tax evasion and fraud. These measures aim to strengthen the national economy and ensure fair compensation for the exploitation of non-renewable natural resources.