YPFB Budgeted US$201 Million for Staff as Bolivia Imports 95% of Diesel
A Bolivian research foundation puts YPFB staff spending at Bs2.4 billion (US$201 million) for 2025. Days later the government doubled the Treasury money that pays for imported fuel. The post YPFB Budgeted US$201 Million for Staff as Bolivia Imports 95% of Diesel appeared first on The Rio Times .
Bolivia's state oil company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), has budgeted US$201 million for staff in 2025, according to a recent audit by Fundación Jubileo. This figure represents personnel services in the group's 2025 budget, which also covers eleven subsidiaries. YPFB's parent company alone is projected to spend more than Bs800 million (US$67 million) on staff alone.
The audit also notes that Bolivia imports 95% of the diesel it consumes and 60% of its special gasoline, with the Treasury doubling its fuel import money. The increase in funding comes from Supreme Decree 5683, which raises the Treasury's budgetary allowance for the company from Bs1 billion (US$84 million) to Bs2 billion (US$168 million).
The decree is an exceptional authorization subject to availability and is effective as of 27 August 2026. The higher payroll costs, which do not decrease with declining output, highlight the company's fixed costs that must be paid regardless of its production levels. The country's gas and hydrocarbon reserves have fallen significantly since 2009, with gas output down 56% since the 2015 peak and export volumes down 74%.
Despite the challenges, President Rodrigo Paz has refused to repeal Supreme Decree 5676, which ended diesel support for large consumers, stating that the rule can be improved but not reversed.
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