This Tuesday within the Encuentro interview with Julio Villagrán, the economist Rafael Lemus expressed that the federal government of the Nuevas Concepts social gathering solely invests 40% of the cash it has borrowed, with this the federal government in energy has elevated the debt that turns into unsustainable. to the purpose of owing the College of El Salvador, PNC rents, and suppliers sums of as much as $1,000 million.
“The financial fund in 2022 was fairly clear and it reiterated it in 2023 by saying that the nation was in an unsustainable debt state of affairs that implies that its trajectory is growing and it can not pay it… This can be a authorities that doesn’t have cash, it’s a authorities that introduced the fiscal state of affairs to a chaotic state of affairs, the expression of not a penny cut up in half is the state of affairs of the federal government at the moment” Lemus said.
The economist expressed that the fiscal state of affairs in El Salvador is chaotic, with the accrued debt having a mean deficit of 5 factors with respect to GDP, the place bills exceed revenue, equal to $1.5 billion, even exceeding this determine.
“On the fiscal aspect, it tousled fiscal administration, it led us to extra debt and there was progress in revenue, now there’s a debt downside and a deficit downside” the economist talked regarding
Concerning the rise within the worth of meals, on common it has exceeded 25% from 2022 to 2024, which has generated a rise in poverty on this five-year interval.
“Within the face of those worth will increase and the truth that demand is being dominated, corporations, what do they do, convey the identical product to the market however scale back its quantity, in order to not increase the worth additional, they offer much less… Within the financial half, what this authorities discovered deteriorated it” expressed Rafael Lemus
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