IMF: Salvadoran Government Must Reduce ExpensesIf there are no reductions in state subsidies and wages no type of fiscal reform will allow the country to achieve sustainability.Tuesday, June 3, 2014
Since 2013 and via an Article IV report for El Salvador, the International Monetary Fund (IMF) has been warning the government about the need to take action to moderate wages in the public sector and correct poorly targeted subsidies, establishing strict controls over costs, which for the current year increased by $281 million. Source: CentralAmericaData.COM ¿Busca soluciones de inteligencia comercial para su empresa?Need assistance? Contact us
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Costa Rica: Tax Panorama - February 2016March 2016 The 8% growth in total government revenue was not enough to reduce the financial deficit, which at the same period reached 1% of GDP. RACSA: A Telecoms Company On a VentilatorDecember 2014 The market was declared dead several years ago, but the government of Costa Rica has been keeping it alive artificially at the expense of taxpayers purses. Costa Rican State Increases Budget by 19%September 2014 Facing a serious and growing fiscal deficit, the Solís administration has presented the 2015 spending plan for the central government which is 19% higher than that of 2014. Public Spending Still Growing in El SalvadorFebruary 2014 The Government is still unable to curb its current account spending, which in 2013 grew by 8% compared to 2012.
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