At the end of 2013, the difference between exports and imports continued to rise reaching $5.281 billion.
Data from the Central Reserve Bank (BCR) reveals that in late 2013 the trade deficit amounted to $5.2809 billion, compared to the same period of 2012 when it was $4.919 billion, which represents an increase of 7.4%.
The third tax bill is now ready; it will tax bank transfers, luxury homes, as well as products used by printing companies.
The Ministry of Finance has not yet said when it will send the plan, which expects to increase revenuea by about $100 million, to the Legislature. According to the chief of Finance, Carlos Caceres, "we are working on the project which will, by 2020, return us to the same pre-crisis debt levels (before 2008).
In the first 23 months in office, nonfinancial public sector debt has increased by $2,074 million.
This large amount of debt would not be a problem if the economy had revived, but "... the current administration has not been able to revive the economy because local and foreign private investment has stagnated, and the public sector has not been acted with the effectiveness required to improve productive activities", says an article in Elsalvador.com