IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL5.14▼ 0.14% USD/MXN16.95▲ 0.30% USD/CLP914.28— 0.00% USD/COP3,038▼ 1.18% USD/PEN3.35▼ 0.06% USD/ARS1,499▲ 0.12% USD/UYU40.20▲ 1.58% USD/PYG5,996▲ 1.55% USD/BOB11.43▲ 0.41% USD/DOP58.82▲ 0.20% USD/CRC450.05▲ 3.34% USD/GTQ7.62▲ 2.21% USD/HNL26.81▲ 0.31% USD/NIO36.62— 0.00% USD/VES778.00▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 0.79% EUR/BRL6.00▼ 0.64% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Sunday, August 23, 2026

Guatemala Suspends Budget That Sparked Violent Protests

By · November 24, 2020 · 4 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – (AFP) Guatemala’s legislature on Monday, November 24th, backed away from approving a business-friendly 2021 budget after demonstrators in the Central American nation torched the Congress building and demanded the resignation of President Alejandro Giammattei in weekend protests.

A lack of resources for battling the coronavirus pandemic as well as anger over the new spending plan has fueled widespread indignation against Giammattei’s administration and Congress.

Guatemala's legislature on Monday, November 24th, backed away from approving a business-friendly 2021 budget after demonstrators in the Central American nation torched the Congress building and demanded the resignation of President Alejandro Giammattei in weekend protests.
Guatemala’s legislature on Monday, November 24th, backed away from approving a business-friendly 2021 budget after demonstrators in the Central American nation torched the Congress building and demanded the resignation of President Alejandro Giammattei in weekend protests. (Photo internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

“In order to maintain the governability of the country and social peace, we have agreed to suspend the processing of the budget,” said Congress president Allan Rodriguez.

The suspension would create “space for discussion of the country’s governance,” he said.

Guatemala’s only state-run university, the University of San Carlos, had earlier called for a national strike on Monday.

Meanwhile, powerful farmers’ union Codeca appeared to back away from an earlier call for its members to block roads around the country.

Congress, dominated by conservative pro-government parties, last week approved an almost US$13 (R$70) billion budget, the largest in the country’s history.

With the suspension, lawmakers now have until November 30 to approve a new budget, otherwise the government will continue to operate under the existing budget of US$10.4 billion.

Torching Congress

Thousands of Guatemalans took part in a peaceful demonstration in the capital on Saturday, but hundreds broke away and partly burned the Congress building, setting fire to several offices after smashing windows to get inside.

Hundreds of people returned to the streets on Sunday to demand Giammattei’s resignation.

Rodriguez accused the protesters of using the budget as a pretext to commit “terrorist acts” aimed at “breaking the constitutional order and gaining access to power.”

Attorney General Consuelo Porras said he had launched an investigation of the attack on the Congress building, and the heavy handed police response, in which some 20 protesters were wounded, one of them losing an eye to a rubber bullet believed to have been fired by security forces.

Amnesty International described the repression as “extremely serious” and accused the Guatemalan authorities of violating “international standards of use of force,” said the group’s director for the Americas, Erika Guevara, in a statement.

The UN also called for the fundamental rights of freedom of expression and peaceful assembly to be respected, and said an impartial and independent investigation was needed to look into what had happened in the protests.

The UN called on “all actors to work together to address the challenges facing Guatemala through peaceful means,” according to a statement.

‘Feelings of the people’

Giammattei, 64, issued a statement Sunday afternoon reproaching Saturday’s violent demonstrations, saying he considered the protesters to be “minority groups that seek to force a true coup d’etat.”

The protesters are angry that most of the budget has been allocated to infrastructure tied to big business, while more than half of Guatemala’s 17 million residents live in poverty and half of all children under the age of five are malnourished.

“The government started work in an arbitrary way and the demonstrations on Saturday show the feelings of the people, who are already tired of how the country is being run,” Edie Cux, country director of Transparency International, told AFP.

He described the budget as “the last straw.”

Meanwhile, the group of 13 donor countries and organizations — including the United States, the United Nations, France, Germany and Britain — expressed concern over the crisis and called for dialogue to seek a solution.

Giammattei’s vice president Guillermo Castillo, with whom he has repeatedly clashed, said Friday night he had asked the president to resign with him “for the good of the country.”

Castillo asked the public prosecutor’s office on Sunday to investigate the burning of the Congress building as well as police repression of the protests, in which dozens of people were injured in clashes.

A former prisons chief, Giammattei took office in January but his management of the health crisis has been criticized by Castillo, the opposition and social sectors.

All have denounced deficiencies in the hospital system as well as in taking care of groups affected by lockdowns aimed at slowing the spread of the novel coronavirus.

Congress approved $3.8 billion to fight the pandemic, but less than 15 percent of those funds have been invested.

Guatemala has recorded nearly 120,000 cases of the virus and more than 4,000 deaths.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map
All News Brazil art news Brazil Best English News Brazil Best News Brazil Brazil Brazil economy Brazil football Brazil Museum Fire Brazil national football team Brazil News Brazil Pension Reform Brazil Real Brazil Visa Brazilian Newspaper Business News Brazil Covid-19 Latin America culture news Brazil English Culture News Brazil English Info Brazil English Info Rio de Janeiro English News Argentina English News Belo Horizonte English News Bolivia English News Brasilia English News Brazil English News Chile English News Colombia English News Cuba English News Curitiba English News Ecuador English News El Salvador English News Falklands English News Florianopolis English News Guetamala English News Latin America English News Mexico English News Panama English News Paraguay English News Peru English News Rio de Janeiro English News Sao Paulo English News Uruguay English News Venezuela English Newspaper Brazil English Newspaper Rio de Janeiro Falkland Islands Falklands General News Brazil Guetemala Info Brazil Info Rio de Janeiro Invest in Brazil Mining News Brazil Natioal Museum of Brazil News Argentina News Bolivia News Brasilia news Brazil News Chile News Colombia News Cuba News Ecuador News El Salvador News Falklands News Florianopolis News Guatemala News Latin America News Mexico News Panama News Paraguay News Peru News Rio de Janeiro News Uruguay News Venezuela Oil News Brazil President of Brazil Rio de Janeiro São Paulo News Science News Brazil travel Brazil Travel News Brazil Universities Brazil

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.