The government has agreed to modify the terms of the tax reform proposal to take into account criticisms made by the private sector.
Salvadoran private companies have outlined to officials the adverse effects that the country would face if the proposed new tax measures were applied, receiving signals of openness to a discussion from the Government, who for the first time since 2009 and 2010 has agreed to negotiate tax reforms with entrepreneurs.
In El Salvador, the state budget allocated to security is $500 million a year, while the total amount invested by private enterprises for self-protection is $600 million.
"The combined budgets (National Civil Police, the Attorney General's Office and the Armed Forces of El Salvador) total about $500 million and the private sector invests over $600 million annually on security issues," said Jorge Daboub, president of the National Association of Private Enterprise (ANEP).
The XIII National Private Enterprise Conference 2013 will be held on April 29, and will focus on the role of businesses and the investment climate.
The event will be held at the Sheraton Hotel Presidente from 1:30 pm. The current role of Salvadoran businesses will be discussed as well as prospects for improving the investment climate and socio-economic development of the country.
Such was the Salvadoran businessmen's response to a proposal by President Funes to create jobs for gang members.
Employers are willing to contribute to the safety of El Salvador, but the president of the Salvadoran Association of Industries (ASI), Javier Siman said it was "ironic that we are giving priority for jobs to gang members."
The National Association of Private Enterprises in El Salvador said the government is not “going on a diet”, but instead is still increasing public spending.
ANEP President, Jorge Daboub, is accusing the International Monetary Fund of having changed their policies regarding austerity recommendations, now that the government of El Salvador is aware of the extension on the limits of subsidies, which passed initial targets of 3.3% and 3.2% for 2011 and 2012 respectively, up to 4.5% and 3.9% compared to the same period.
The business sector will present proposals to solve the fiscal deficit, which may also be the foundation of a social pact.
17 proposals will be presented, aimed at two large areas: reducing spending and increasing revenue.
Jorge Daboub, president of the Salvadoran Chamber of Commerce and Industry, explained: “We understand that the country has a serious fiscal problem, the deficit has worsened due to the country’s negative economic situation. As the private sector, we have produced a document that will give the government tools to correctly address the problem, in a comprehensive and effective way”, reported La Prensa Grafica.
The program, administered by the United Nations Development Programme (UNDP), is called “Programa de Desarrollo para Proveedores” in Spanish. It intends to prepare Small and Medium companies to work with large enterprises by being more competitive.
Costs related to crime in El Salvador top $1.2 billion each year, or 5.4% of the Gross Domestic Product.
The business sector spends $600 million a year hiring private security services, losses for theft reach $300 million, and the state spends an additional $300 million in hospital and emergency costs.
Jorge Daboub, president of the Commerce and Industry Chamber, told Laprensagrafica.com that the real cost is even higher, as "it is impossible to add extortion to the figures, as most business owners are afraid to denounce them for fear of being punished by criminals".
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