Public Finance deficit fiscal deficit fiscal deficit limits Public finances Salvadorean Association of Private Enterprise (El Salvador) public administration public debt public spending Jorge José Daboub State budget Treasury Ministry (El Salvador) government revenue taxes Budget

New Proposals to the Salvadoran Fiscal Deficit

Private business leaders have proposed freezing the hiring of public employees and broadening the tax base to include informal businesses, among other measures.

Monday, September 19, 2011

The National Association of Private Enterprise (ANEP), also suggests that the Executive reduce public expenditure by up to 10% on the purchase of goods and services.

"The ANEP also considers it key to strongly urge the Presidential Chamber to trim its budget, considering it excessive. According to the union, the Presidency has a budget of $11.2 million a month", published Elsalvador.com

President ANEP Jorge Daboub, said that there are solutions to the fiscal deficit "What is needed is savings and more effectiveness in handling resources."

Source: elsalvador.com

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Key entities

Salvadorean Association of Private Enterprise (El Salvador) Jorge José Daboub

Countries

El Salvador

Insight

deficit fiscal deficit fiscal deficit limits administration public administration Public Finance

The Cortizo Era Begins

July 2019

Laurentino Cortizo, who came to power after promising a campaign to reactivate the economy, make constitutional reforms and make structural changes in several entities, assumes the presidency of Panama on July 1.

Laurentino Nito Cortizo Cohen, a member of the Democratic Revolutionary Party, won the presidential elections by a narrow margin at the beginning of May, concentrating nearly 33% of the votes.

Public Officials Increase Their Salaries

October 2012

In light of increases of salaries of mayors and councilors, business leaders in El Salvador are urging the austere and responsible use of public funds.

A statement from the Chamber of Commerce and Industry of
El Salvador reads:

Public servants should not misuse the resources they manage

Public Wages Continue to Rise in Costa Rica

September 2012

An inflation of 5% is expected for 2013, yet the amount allocated for salaries in the national budget for the year has increased by 9.7%.

The total amount of the state budget will increase by 7.7% in 2013, while the amount for wages to be paid to government officials will grow by nearly 10%.

Aggressive Austerity Plan in El Salvador

June 2009

Mauricio Funes ordered rationing measures regarding public expenses in the areas of publicity, purchasing of vehicles, phone systems, etc.

Along with these measures is the creation of a commission for the investigation of any anomalies in the different accounts receivable portfolios of the public system.