In order to redirect public resources due to the covid-19 outbreak, the government decided that investment projects that have not started to be implemented and those that are at an advanced stage will be suspended.
A letter signed by the Minister of Finance, Nelson Fuentes, and sent to the heads of state institutions, explains that the programs and projects contained in the Budget and Annual Public Investment Program Law (PAIP) are suspended.
Road maintenance for $258 million, construction of an overpass for $58 million and the development of an energy park for $19 million, are some of the investments included in the 2020 National General Budget project.
Regarding the general amount of public investment included in the Fodes de las Alcaldías, the project discussed in the Assembly contemplates that by 2020 it would reach $1.243 million, an amount that would be 23% higher than that approved for 2019.
Through a cooperation agreement with the Mexican government, El Salvador will reforest nearly 50,000 hectares of land in different parts of the country.
The presidents of El Salvador, Nayib Bukele, and of the United Mexican States, Andrés Manuel López Obrador, signed on June 20 in Tapachula, state of Chiapas, a cooperation agreement for the planting of 50,000 hectares in El Salvador, a project that will generate 20,000 jobs and is part of the Integrated Development Plan (IDP) for Central America, informed the presidency of El Salvador.
In the first six months of the year, government entities from the countries of the region submitted 73 environmental impact studies for the construction of different public infrastructure projects.
The interactive platform "Construction in Central America", from the Trade Intelligence Area of CentralAmericaData, provides the updated list of public and private constructionprojects that present the environmental impact studies (EIA) to the respective institutions of each country.
The budget presented to the Congress includes $146 million for the construction of the El Chaparral hydroelectric plant, and $83 million for road maintenance.
September 28th, 2018. Head of the Ministry of Finance, presented to the Legislative Assembly the project of the General Budget of the State for Fiscal Year 2019, which amounts to $6,733.2 million, approved by consensus and with unanimous agreements, in the Extended Council of Ministers, called and presided over by the President of the Republic, Professor Salvador Sanchez Ceren.
The Salvadoran union for the sector foresees that investments in construction between 2018 and 2019 will add up to $1.4 billion, driven mainly by the execution of several public projects.
The Salvadoran Chamber of the Construction Industry (Casalco) reported that with the investment estimated for this and next year, it is expected that about 136 thousand jobs will be created.
According to entrepreneurs, the pre-election season will worsen the problems that are affecting the country and prevent the government from advancing on relevant issues, such as public investment.
Luis Cardenal, president of the National Association of Private Enterprise (ANEP), warned that"... the next 20 months will be more difficult in all national aspects, due to the innumerable risks that the election season will bring."Everything that is coming up will no longer be decided on based on plans for the medium or long term.Public investment will not be made based on priorities.Neither will debt nor other actions.Everything is going to focus on electoral returns'."
For every dollar invested in health and education, three need to be spent on direct social assistance in order to achieve the same effect on poverty reduction.
The report "Impact of Public Expenditure on Poverty Reduction and Inequality" by the Nicaraguan Foundation for Economic and Social Development (FUNIDES) has similar conclusions to similar studies carried out in other countries: "In estimating the effect of public interventions on poverty reduction, it was identified that poverty was reduced from 7.2 to 10.1 percent depending on the poverty line used (US $1.8, US $2 and US $2.6), mainly due to social spending in health and education.On the other hand, the contribution made by electricity subsidies did not compensate for the reduction in incomes in households caused by payment of indirect taxes, therefore it did not affect poverty reduction.
University infrastructure in Costa Rica, and road construction and office building in Panama, are some of the public infrastructure projects planned for the coming months in the region.
CentralAmericaData's information system "Construction Projects in Central America,", compiled by the Business Intelligence Unit,provides an up to datelist of public and private construction projects for which environmental impact assessments (EIAs) were submitted to Institutions in each country in February 2017.
A water treatment system estimated at $95 million, a municipal park and office buildings are some of the public works projects planned for the coming months in the region.
The information system"Construction Projects in Central America", provided by the Business Intelligence Unit at CentralAmericaData, provides an up to date list of the public and private constructionprojects for which environmental impact assessment (EIA) studies were submitted to the respective institutions of each country in December 2016.
In the budget approved by the Assembly $943 million has been allocated to the Administration of Justice and Public Safety and $914 million to paying off public debt.
The 2017 budget drawn up by the government of Costa Rica is the result of an arithmetic exercise, where the political will of the Solis administration has barely reduced maintenance and has increased privileges in the dominant state corporations.
EDITORIAL
Scandalous could be the best word to describe the magnitude of the increase of 12% which the Solis Rivera administration has made in the 2017 public budget.The 12% increase not only far exceeds the projected inflation for this year, but is disproportionate and far from reality, considering the serious and urgent fiscal problem facing the country.
Works at the airport, works on riverbeds and construction of sports infrastructure are some of the projects which were awarded to private companies in May 2016.
The report "Construction Projects in Central America", prepared by the Business Intelligence unit at CentralAmericaData.com contains a detailed list of major construction projects awarded by Central American governments.
An article on Elmundo.sv reports that "... A $16,982,500 loan from the Central American Bank for Economic Integration (BCIE) aims to 'strengthen drinking water' through the 'technical and physical renovation and automation of the water treatment plant in Las Pavas'. "
While state officials are happy to delegate their responsibilities to the UN Office for Project Services, the Comptroller of Guatemala has declared that its services are "detrimental to the interests of the state".
EDITORIAL
The arrival in Central America of the UN Office for Project Services (UNOPS) was hailed by many as a factor that would allow the execution of public works which are very difficult or impossible for state institutions in the region to run, for various reasons ranging from lack of qualified personnel to simple negligence.
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