Saca's measures hailed, but where's the money coming from?

President Antonio Saca of El Salvador has announced measures that will cost a total of US$65.7 million. The private sector and analysts have welcomed the announcement but are wondering where the money will come from.

Tuesday, June 3, 2008

A project to recapitalize state banks will cost US15 million. Social housing is to get a US$15 million boost, and state employees are to have a pay rise that will add US$35.7 million to the bill. In addition, tariffs on inputs for agriculture are to be abolished at a cost of US$1.5 million.

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