El Salvador: Public Investment is Late by 40%

In the first half of the year only $235.3 million were spent, 40% less than expected.

Wednesday, August 26, 2009

Reductions in tax incomes, as well as changes in the use of some loans explain why spending is behind schedule, as reported by analyst Ricardo Perdomo.

"One of the State's priorities is paying salaries and domestic short term debt arrears, which are lagging since last year", told Perdomo to newspaper La Prensa Gráfica.

More on this topic

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.

El Salvador: Low Rate of Execution of Investments

August 2011

The government of El Salvador has executed only 25% of the public investment it had planned for 2011.

Public institutions projected works for the year 2011 totalling $1,146 million in social investment programs, municipal investments, and works arising from the effects of Hurricane Ida which hit the country in 2009.

El Salvador Fails to Invest Public Funds

June 2011

The Salvadoran government continues to exhibit low performance in investing public funds; so far it has only spent 60% of what was planned.

If this rate of investment is sustained, the government may not meet its promise to invest $1,200 million.

Carlos Acevedo, president of the Central Reserve Bank (BCR), told media that the investment goals are not being met at the expected rate, which should be 85%.

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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