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

Nicaragua's Budget Raised by $39 million

September 2013

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

December 2012

With private funds a Brazilian consultant has been hired to streamline administrative processes and transparency in several Guatemalan Ministries.

The Foundation for the Development of Guatemala and the business sector have financed the hiring of an international consultant to improve the internal management of various government ministries.

Panama: Government Spending 10% More on Wages

September 2011

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

Government spending on salaries has shown a significant increase compared to the previous year, according to a report by the Controler from July, which reveals that the of the total expenses, 40% relates to the Ministry of Education.

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, 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.

 close (x)

Receive more news about Government

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Blue Marlin Beach Resort - Belize

Diving, Fishing, Snorkeling and relaxation resort in southern Belize. Situated on the island of isla South Water Caye the Blue Marlin offers accommodations, meals, all inclusive packages.
The resort is situated 14 miles East-South-East of...

Stock Indexes

(Aug 30)
Dow Jones
S&P 500


(Oct 19)
Brent Crude Oil
Coffee "C"