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What will be El Salvador's budget deficit or surplus for the fiscal year 2024?
3
Resolution / Starting Odds
Surplus greater than 1% of GDP • 25%
Surplus between 0% and 1% of GDP • 25%
Deficit between 0% and 1% of GDP • 25%
Deficit greater than 1% of GDP • 25%
Official government budget reports and statements from El Salvador's Ministry of Finance
Story
El Salvador to Balance Budget, Achieve Zero Deficit, and True Freedom in 2024
Sep 16, 2024, 01:07 AM
El Salvador's President Nayib Bukele has announced that the country will balance its budget for the first time next year, achieving a zero budget deficit. Bukele stated that the draft budget, which will be presented to Congress by September, calls for current expenditures to be financed without foreign financing or debt issuance. This move signifies a major shift in the country's financial strategy, aiming to cover all past deficits and avoid acquiring new external debt. Bukele's administration emphasizes that this approach will lead El Salvador towards greater financial independence and true freedom.
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Zero Deficit • 25%
Deficit less than 1% of GDP • 25%
Deficit between 1% and 3% of GDP • 25%
Deficit greater than 3% of GDP • 25%
Successful fiscal health improvement • 25%
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No significant change • 25%
Deterioration • 25%
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Less than 2% • 25%
Between 2% and 4% • 25%
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Deficit less than 3% of GDP • 25%
Deficit more than 3% of GDP • 25%