Crisis forces austerity on El Salvadorean government
High fuel and food prices have resulted in the government of El Salvador decreeing a "general cutback" of expenditures in all allocations to departments that depend on the Executive. The move will not affect social or public investment.
Monday, May 5, 2008
"We have called a cabinet meeting," said President Antonio Saca. "We are going to talk about austerity measures."
Between January and July 2011, the state’s payroll totaled $1,098 million.
With private funds a Brazilian consultant has been hired to streamline administrative processes and transparency in several Guatemalan Ministries.
More government spending -> more debt -> more expensive credit and more taxes. The State continues to fatten at the expense of the productive sector.
The increase in the 2013 budget will be used in the 2014 regional elections in the Caribbean and investment in social projects, defense and other things.
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