El Salvador Continues to Increase Debts

The Sanchez-Ceren administration plans to issue $800 million in debt securities to repay obligations that will expire next year and another $1.407 million to complement the 2019 national budget.

Tuesday, October 16, 2018

The Ministry of Finance presented to the Congress next year's Budget project, which includes, among other aspects, adjustments to the fiscal deficit that the government will register next year.

Regarding the debt issuance plans, Nelson Fuentes, Finance Minister, said to Laprensagrafica.com that "... 'There would be an issue in the international market to repay the debt and we could restructure the debt to extend the expiration dates, but we must see what the market says'."

The Ministry of Finance has calculated the 2019 budget based on an economic growth rate of 2.6% of GDP. The portfolio expects $5,082 million in revenues from own resources.

See Draft Budget 2019.

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