LatinNews Regional Monitor: Caribbean & Central America - 01 October 2018

El Salvador’s finance ministry has presented the 84-member unicameral national legislature with the government’s proposed budget for 2019. The budget is for US$6.7bn, up 23% on the amount approved for 2018. Among other things, it has the declared priorities of dynamising the national economy, human development, increasing citizen security, and guaranteeing on a gradual basis access to quality health services. The budget proposal, which would require the issuance of some US$1.4bn in debt, is based on projections of 2.6% GDP growth and 2% inflation in 2019. The budget proposal now goes to the legislature where it requires 56 votes to be approved.

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