The MEM already has a budget of Q2 billion to cover the fuel subsidy

Home Business The MEM already has a budget of Q2 billion to cover the fuel subsidy
The MEM already has a budget of Q2 billion to cover the fuel subsidy

Said ministry already appears in Sicoin with a current budget of Q2 thousand 264 million 992 thousand 366, of which Q2 billion is for the fuel subsidy.

This subsidy of Q8 per gallon of diesel and Q5 per gallon of superior and regular gasoline was approved for a period of three months and became effective on April 28.

Asked about this, Barrios, vice minister of Energy and Mines in charge of hydrocarbons, said that the transfers are already in the MEM and that the budget is available for the amount in question.

According to Decree 11-2026, to finance the subsidy The reduction of the budget of some ministries by Q808 million is established: National Defense, by Q200 million; Agriculture, for Q58 million; and Communications, Infrastructure and Housing, for Q550 million (Q350 million from the State Building Construction Unit and Q200 million from the General Directorate of Roads).

On Thursday, April 30, Government Agreement 65-2026 was published in the Diario de Centro América, issued by the Ministry of Finance (Minfin), in which the analytical distribution of the expansion of the State budget by Q808 million is approved and the amount is assigned to the MEM budget. The document states that the source of financing will be the decrease in cash availability and treasury resource banks.

Furthermore, the decree establishes that for the remaining Q1,192 million, the Minfin must carry out the necessary budgetary rearrangements, but they have not yet been disclosed.

Two weeks ago the Minfin indicated that The aim is to use funds that are expected not to be executed during this fiscal year of 2026.

Payment to importers will begin

Regarding the frequency of payment to importers, the official said that weekly payments are scheduled to be made.

CONTENT FOR SUBSCRIBERS

Although he considers that the first time will take a little more time because the procedures are being adjusted, he explained that once the first payment begins, the disbursements are planned to be made every Friday.

Article 4 of Decree 11-2026 states that the MEM will recognize the amount of the subsidy to fuel importers registered with the General Directorate of Hydrocarbons.

This will be done after verification of the information reported by the Superintendency of Tax Administration (SAT) and the documentation that supports the reduction applied in the price of fuel in the marketing chain, which must be reflected in all invoices of the chain, including those issued by gas stations to the final consumer.

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