Loading...
Market
What will be El Salvador's credit rating by the end of 2024?
4
Resolution / Starting Odds
Investment Grade (BBB- or higher) • 25%
Below Investment Grade (BB+ to B-) • 25%
Highly Speculative (CCC+ or lower) • 25%
Default or Near Default • 25%
Reports from major credit rating agencies such as Moody's, S&P, and Fitch
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.
View original story
Similar markets
Successful fiscal health improvement • 25%
Partial improvement • 25%
No significant change • 25%
Deterioration • 25%
Below 1% • 25%
1% to 3% • 25%
3% to 5% • 25%
Above 5% • 25%
Upgrade to Baa3 (investment grade) • 25%
Remain at Ba1 • 25%
Downgrade to Ba2 • 25%
Downgrade to Ba3 or lower • 25%
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%
Less than 2% • 25%
Between 2% and 4% • 25%
Between 4% and 6% • 25%
More than 6% • 25%
Loan secured with Bitcoin policy change • 25%
Loan secured without Bitcoin policy change • 25%
Loan not secured • 25%
Negotiations ongoing • 25%
