Nearing its first year of tenure, the Funes administration has not yet presented its government plan, a delay that has been negatively seen by critics. Today they presented a document which is merely a draft with general guidelines, triggering further and stronger criticism.

Elsalvador.com reported that “the Technical Secretary of the Presidency presented a simple PowerPoint presentation with 23 slides, which resumes the 5 year plan in big bold letters, including a vision for 2024”.

The article in Elsalvador.com reviews the main topics included in the document and their relationship with an eventual ‘tax agreement’.

Source: elsalvador.com

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El Salvador: Economy Adrift

September 2011

Businesses from the National Development Foundation (Funde) indicate that, after two years of rule by Mauricio Funes, the country’s economy lacks clear direction.

With an eye on the threat of a new global recession, the government is being accused of failing to take advantage of the surge in tax revenues and remittances from abroad to do work "that will generate productivity, instead of the contrary, spending all its income on subsidies and salaries for public employees. "

El Salvador Spends Over $2 Billion per Year on Security

July 2010

The statistic includes public and private spending and represents 10.8% of the country's GDP.

Jorge Daboub, president of the El Salvador Chamber of Commerce and Industry, indicated that in the case of private companies the annual cost of security is more than $640 million.

No To Politic Regulation of Prices

March 2010

In El Salvador, many argue if Congress should establish the basic rate of fixed telephony.

An article in Elsalvador.com remarks that "economic analysts and representatives of the private sector argue that lawmakers shouldn't regulate prices, as they intend to do with a decree to lower the basic fee for fixed telephony.

El Salvador: $3.2 Million in Losses From Closed Border

June 2009

Closing the border with Honduras to trade for 48 hours translated to a loss of $3.2 million and jeopardizes export activities.

That’s how the president of the Chamber of Commerce, Jorge Daboub put it, and he added that exporters of perishable goods were the most jeopardized, especially fruits and vegetables.