Thursday, 20 December 2018 09:54

A political agreement is necessary, "otherwise the default would be inevitable in 2019": FUNDE

Written by Dinero

FUNDE said that a political agreement is necessary to authorize a necessary public indebtedness for 2019, otherwise the default would be inevitable at the end of 2019.

According to the foundation, in a negative situation for 2019, fiscal policy measures will be decisive, as well as a dialogue that will boost the new elected government to finance its electoral promises.

FUNDE explained that in El Salvador, in the fiscal field, enormous challenges are observed, since if the State Budget is not approved by 2019 at the end of this year, the level of risk could rise and even more if it is not approved the roll over of the bonds, that expire in 2019, for US $800 million.