Fiscal situation worries El Salvador officials

The government of El Salvador is proposing to increase the level of public investment.

Wednesday, July 23, 2008

The nation's fiscal situation is one of the biggest problems the new governemt will face, according to an economic analysis done by Carlos Acevedo, an economist from the United Nations Development Program (UNDP); Roberto Rubio, executive director of the National Foundation for Development; and economist Alex Segovia.
They indicate that the government expected to run a surplus of 532 million dollars this year, but now faces a deficit of 118 million dollars.
"The next government will be a government that administers debts," said Rubio. He added, however, that the problems could be solved if there are sufficient poltiical agreements.

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