The macrofiscal conditions for the preparation of the income and expenditure budget project for 2027 were presented by the Bank of Guatemala (Banguat) and the Superintendency of Tax Administration (SAT), which presented a scenario of stable economic growth and higher incomes.
One of the variables exposed during the open budget workshop were external conditions, especially due to the international geopolitical situation and the announcements about the agreements reached, explained the monetary authorities.
The medium-term fiscal framework was also presented, while the public spending planning process for the following year continues, as well as the construction of indicative ceilings for the different ministries to cover their budgetary needs.
The Ministry of Finance has until September 2 to present the budget project to the Congress of the Republic, which must know it, so it is in the formulation stage.
They define the bases of the 2027 budget
Érick Echeverría Mazariegos, Mayor of Collection of the SAT, declared that, in the tax scenario and with the projected economic variables, The collection would reach about Q131 thousand 635 milliona figure that was presented during the session of the Technical Commission of Public Finances (CTFP).
To reach that amount, the mayor noted, a route for these projections has already been established, with strategic guidelines and collection objectives.
Among these, he mentioned voluntary compliance, risk management, digital transformation, trade facilitation and institutional strengthening as axes of the operational plan for 2027.
He explained that during the budget workshop the expectation derived from the agreements reached between the United States and Iran, which now coexist with estimates of economic growth in an environment of uncertainty, as well as with revenue projections and commitments to comply with what was programmed.
In the activity, David Samayoa, director of the Department of Macroeconomic Analysis and Forecasts of Banguat, explained that by 2027 the economy is projected to grow, measured by the gross domestic product (GDP), of 4%, and for 2026, 4.1%.
Meanwhile, inflation is projected at 4% for 2027 and 3.75% for December 2026.
Other variables, such as the exchange rate, exports, imports, family remittances, bank credit to the private sector and foreign direct investment, will maintain stable performance.
They foresee moderation of collection
The mayor explained the collection forecasts for the second half of 2026, a period in which the consolidation of some specific elements will be launched, especially risk model management, that will also serve to achieve the 2027 goal.
Electronic invoice platforms will also be implemented, not only from a control perspective, but to facilitate processes and generate greater efficiency in the tax system.
The goal for 2026 is Q119,818 million.
From January to May, collection registered a growth of 8%; However, a moderation is projected for the second half of the year due to the normalization of factors in the external context, such as the international price of a barrel of oil and the exchange rate, among others.