Crisis forces austerity on El Salvadorean government

High fuel and food prices have resulted in the government of El Salvador decreeing a "general cutback" of expenditures in all allocations to departments that depend on the Executive. The move will not affect social or public investment.

Monday, May 5, 2008

"We have called a cabinet meeting," said President Antonio Saca. "We are going to talk about austerity measures."
The president said the cutback will be in effect for entities that depend on the Executive Branch, but will not stop spending on social projects or public investments.
Among measures being considered are the prohibition of all celebrations or gifts for personnel, electricity conservations, careful priorizing of travel, and rational use of government vehicles.

More on this topic

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The increase in the 2013 budget will be used in the 2014 regional elections in the Caribbean and investment in social projects, defense and other things.

According to Congressman Walmaro Gutierrez, reform to the General Budget of the Republic by the Executive includes adding revenues of $38.9 million to the 2013 budget.

Businesses in Guatemala Want Transparency

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Panama: Government Spending 10% More on Wages

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Between January and July 2011, the state’s payroll totaled $1,098 million.

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Costa Rica's 2011 Budget

December 2010

More government spending -> more debt -> more expensive credit and more taxes. The State continues to fatten at the expense of the productive sector.

Juan Carlos Hidalgo, in his blog at Elfinanciero.com, begins his article calling the 2011 budget approved by the Legislative Assembly as “illegal”. He explains that current expenditures are included as investments, which is specifically prohibited by the National Budget Law.

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