Wednesday, 05 January 2022 01:41

Tax revenues to grow 26% by the end of 2021 compared to 2020

Written by Evelyn Alas

The Minister of Finance, Alejandro Zelaya, informed in a morning interview that in terms of tax collection, tax revenues recovered substantially, growing 26% compared to 2020.

Zelaya said that by october 2021 they had already surpassed what was collected at the end of 2020, being US$500 million more in collection than what had been projected.

He said that in 2021 the country had a budget gap of US$1,182 million for the 2022 Budget and they have managed to reduce the gap to US$498 million, having as a priority to be able to finance it through multilateral organizations.

He also said that in the Evaders' Thursdays and the Anti-evasion Plan, they have recovered close to US$600 million. They also made progress in the audits of the covid funds for the 262 municipalities.

He indicated that El Salvador has closed very well in 2021, achieving a place in the first five economies with good growth prospects in the region.

He saidd that the country could become a regional center where other countries can issue debt, we have great advantages such as having a dollarized economy and being a spearhead in crypto.

These requests for legislation will also support El Salvador's intention to become the headquarters of the regional debt market, an initiative that is being supported by the Central American Bank for Economic Integration (CABEI).