El Salvador Commits to Public Investment

The Government plans to develop infrastructure projects throughout the country to kick-start growth of the economy next year.

Monday, October 4, 2010

Alexander Segovia, Technical Secretary of the Presidency, stated that infrastructure plans were presented to the National Parliament which includes repairs of educational and social infrastructure and investment in rural roads.

"The positive thing is we have the resources to implement the projects and we are in the bidding process so we can execute these projects starting 2011." Segovia said to Laprensagrafica.com.

More on this topic

The Fall of Public Investment in Costa Rica

March 2013

In the past three years, the relationship between spending on infrastructure and equipment for public institutions and the country's national production, fell from 9.4% to 6.1%.

Nacion.com reports that "The Comptroller General's Office warned, in its report on the 2013 public budget, of a reduction facing planned investment in the non-financial public sector in respect to production, especially between 2010 to 2013. "

El Salvador Earmarks $770 million for Public Investment in 2012

March 2012

The government aims to implement 70% of the $1.1 billion budgeted for public investment.

The Government has budgeted $1.1 billion for public investment this year and hopes to implement at least 70% of that amount, said Guillermo Lopez Suarez, Special Coordinator for the monitoring and implementation of public investment and Minister of Agriculture.

$700 million for public investment in El Salvador

February 2009

Despite the electoral year and the economic crisis, public investment projects will continue, indicated Eduardo Ayala Grimaldi, technical secretary of the presidency.

According to Elsalvador.com: "About $700 million is budgeted for investment. Part of the monies had been set aside in the last budget and passed on to the one for 2009, not because the works did not start, but because they were tendered at the end of the year," Ayala Grimaldi said as a justification for the public construction projects that were outstanding from last year."

Fiscal situation worries El Salvador officials

July 2008

The government of El Salvador is proposing to increase the level of public investment.

The nation's fiscal situation is one of the biggest problems the new governemt will face, according to an economic analysis done by Carlos Acevedo, an economist from the United Nations Development Program (UNDP); Roberto Rubio, executive director of the National Foundation for Development; and economist Alex Segovia.

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