Morales orders double Christmas bonus for Bolivia's 300.000 public employees

Friday, November 22nd 2013 - 02:02 UTC

Full article 7 comments

In what seems a partial contagion of what is happening in Venezuela, Bolivian President Evo Morales announced that he will double the Christmas bonus for Bolivia’s public employees which will be the equivalent of two months extra salary. Read full article

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zathras
The bonus will continue annually as long as Bolivia’s GDP exceeds 4.5%. The government says GDP is expected to reach 6.7% this year.

What does that mean?

4.5 or 6.7 % of what?

Do they mean an increase of 4.5 or 6.7% in GDP ?
Nov 22nd, 2013 - 08:51 am - Link - Report abuse 0
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willi1
bolivia, venezuela, arschentina - the triumvirat of south american idiotism.
Nov 22nd, 2013 - 08:52 am - Link - Report abuse 0
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bertu
It is fast and easy to impose on the employers to advance a double bonus for Christmas, but is the government helping the employer to generate work so as to be able to cope with such imposed expenses. If it is a small business such moneys are being forwarded from the employer's profits while the governments is doing nothing. With such impositions employers will be on the verge to close down .............
Nov 22nd, 2013 - 10:10 am - Link - Report abuse 0
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Britworker
So what does this equate to in real money? An extra chocolate orange in their stocking?
Nov 22nd, 2013 - 11:21 am - Link - Report abuse 0
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willi1
500 dollars a month. if they have 1500 dollars they will be drunk a month.
Nov 22nd, 2013 - 02:01 pm - Link - Report abuse 0
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Conqueror
@1 The closest I can find is the forecast GDP growth rate as of 30-09-2013. Against that is the forecast GDP (PPP) per capita. US$4,702.91. Not exactly a wealthy place, is it? On the other hand, Evo can have his own jet!
@4 I don't think you're far off. About US$220. £136.
Nov 22nd, 2013 - 02:24 pm - Link - Report abuse 0
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ChrisR
Hang on a cotton picking minute! Cowpat © ChrisR 2011 has said “Bolivia’s public employees”, WTF do they make, they don’t even pay tax (they THINK they do, but it’s not). HOW can they contribute to the GDP?

I am not at all surprised that the private businesses are upset about this, but of course Cowpat thinks it’s his RIGHT to do foolish tricks like this AND the lazy bastards who “work” for the government will love him for it.

They are so uneducated, including Cowpat himself, that they probably do not realise the damage to the real economy that will occur through this nonsense.

Social Inclusion is neither social in nature or inclusive in action, but hey, Cowpat isn’t paying for it is he?
Nov 22nd, 2013 - 04:55 pm - Link - Report abuse 0
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