El Salvador: Tax Collection Decreases by 15%

In February, the government collected $199.9 million in net taxes, 15.61% less than the $236.9 million collected in January.

Wednesday, April 8, 2009

According to official figures from the Central Reserve Bank (BCR), tax collection for February was also 13.76% lower than during the same period in 2008.

Rafael Barraza, former president of BCR, told Laprensagrafica.com: "The decrease in tax revenue is being manifested due to the external situation that is impacting the country, both in its level of exports and the level of employment. Since there is less economic activity, lower revenue for the Treasury is also expected. "

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