Although equivalent to 85% of GDP, analysts say the portfolio of bank loans to the private sector is at healthy levels and can grow further.
At the end of 2014 bank lending to businesses and households in the country amounted to $46,212.6 million, well above the amount of public sector debt, which closed in 2014 at an amount equivalent to 39.4% of gross domestic product (GDP).
The Directorate General of Revenue has announced that companies with tax debts more than twelve months old will be included in a list which will be published in March.
The Directorate General of Revenue has announced that it will publish, in the course of this month details of, "... taxpayers who have had outstanding accounts with the institution for more than a year." This measure is a result of low tax revenues being reported since late 2014.
The government has announced that it will stop the outsourcing of tax collections and reestablish it as a function of the Directorate General of Revenue.
The Minister of Economy and Finance, Dulcidio De La Guardia, also announced the elimination of the National Tax Authority, created in the previous administration, and the management and collection of taxes will go back into the hands of the General Revenue Department.
For the last four years the loan portfolio of the Salvadoran financial system has been growing at an average rate of 3.5%, below the 11% growth average in the rest of the region.
A report produced by the rating agency Moody's notes that growth in El Salvador's financial sector has been stagnant since 2010, as the total loan portfolio has not achieved growth rates above 3.5% per year.
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