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The country has received US$1.189 billion in foreign currency from tourism
Written by Evelyn Alas
According to the minister of Tourism, Morena Valdez, the country has received US$1,189 million in foreign exchange, this is equivalent to an increase of 43%, compared to 2019, prior to the COVID-19 pandemic.
US$2.2 million a day is being saved by fuel price subsidy
Written by Evelyn Alas
The minister of Finance, Alejandro Zelaya, said in a press conference that, in the case of fuels, the salvadoran economy is saving around US$2.2 million per day, due to the subsidies implemented by the Central Government.
June saw US$585 million more in tax collection: Treasury
Written by Evelyn Alas
The minister of Finance, Alejandro Zelaya, informed in a morning interview that the country has an adequate level of tax collection, up to june 30, an additional US$585 million was obtained, above the amount collected by 2021, exceeding by 18% the projection made for this year.
According to an international media, for the first time in 20 years, the exchange rate between the euro and the US dollar is almost the same: the two currencies are less than a cent away from reaching parity.
Central American economy grew 5.7% according to SECMCA
Written by Evelyn Alas
The Consejo Monetario Centroamericano (SECMCA), informed that the region's economy grew 5.7%, led by Costa Rica which presented an expansion of 7.9%, Honduras 6.1% Nicaragua 5.8% Guatemala 4.5%, El Salvador 2.4%.
Private company to invest US$1.6 billion for tourism in El Salvador
Written by Evelyn Alas
The presidential commissioner for Strategic Projects, Cristian Flores expressed that the country has a positive relationship with private companies and investors.
Industrial Production Index grew 2.7% in may 2022: BCR
Written by Evelyn Alas
The Banco Central de Reserva (BCR), states that the Índice de Producción Industrial (IPI) registered an annual growth of 2.7% in may 2022, mainly driven by higher electricity generation.
6 recommendations for managing your household finances during the coronavirus crisis
Written by Evelyn Alas
Make a budget to plan and control your economy. If you haven't already done so, take advantage of this situation to make a family budget. This will allow you to know in detail your financial situation: How much do you earn and where does your income come from, how much do you spend and what do you spend your money on? A budget will help you set goals and prevent financial problems.
Tax Revenues increased US$581.9 million in the first semester 2022
Written by Evelyn Alas
Tax revenues exceeded expectations in the first semester of the year showing a growth of US$581.9 million with respect to 2021, according to the latest report from the Ministry of Finance.