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.
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%.
The government aims to implement 70% of the $1.1 billion budgeted for public investment.
Despite the electoral year and the economic crisis, public investment projects will continue, indicated Eduardo Ayala Grimaldi, technical secretary of the presidency.
The government of El Salvador is proposing to increase the level of public investment.
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