This was confirmed today by Deputy Minister of Transport Luis Felipe Moreno, who had given the order to Central American Traffic Services SA of C.V. (SERTACEN) to demand the existing policy on May 8.
Elsalvador.com reported the vice minister’s statements: "We thought about requiring the insurance because that is what Transport Act 1996 established, and said act has been in effect since February 2001, which was the date when the three extensions approved by the Assembly expired.
Starting this Wednesday, a vehicle in El Salvador must be compulsorily insured against injuries to third parties.
Having insurance against third-party injuries will be a requirement for anyone wishing to obtain or renew a vehicle circulation tag beginning next Wednesday. It will also be a requirement for registration or transfers in the Public Registry of Motor Vehicles
The business sector will present proposals to solve the fiscal deficit, which may also be the foundation of a social pact.
17 proposals will be presented, aimed at two large areas: reducing spending and increasing revenue.
Jorge Daboub, president of the Salvadoran Chamber of Commerce and Industry, explained: “We understand that the country has a serious fiscal problem, the deficit has worsened due to the country’s negative economic situation. As the private sector, we have produced a document that will give the government tools to correctly address the problem, in a comprehensive and effective way”, reported La Prensa Grafica.
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