Bolivia’s government has allocated a budget of USD 1.5 bln for hydrocarbon and food subsidies in 2024, which is 30% higher than the previous year’s subsidy budget. According to Finance Minister Montenegro, hydrocarbon subsidies will comprise 93% of the total budget, with food subsidies accounting for the remaining 7%. He also mentioned that road blockades in Cochabamba are causing daily losses of USD 128 mln.