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What will be the primary source of funding for El Salvador's 2025 budget?
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Official financial reports from El Salvador's Ministry of Finance
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El Salvador to Balance 2025 Budget, Achieve Zero Deficit for First Time
Sep 16, 2024, 08:56 AM
President Nayib Bukele of El Salvador has announced that the country will balance its budget for the first time next year and achieve zero budget deficit. Bukele stated that the draft of the 2025 budget will be presented to Congress by September 30 and will cover all past deficits without relying on foreign financing or debt issuance. This marks a significant move towards financial independence for El Salvador, as the budget will be fully self-financed. Bukele emphasized that the country will no longer spend more than it produces annually and will begin to pay down all existing debt. The announcement underscores El Salvador's commitment to fiscal responsibility and economic stability.
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