Displaying items by tag: Legislative Assembly

On march 12, 2024, the Legislative Assembly approved with 69 votes in favor the favorable opinion of the Treasury Commission on the initiative to reform the Income Tax Law.

Published in Finances

With the approval of 79 deputies of the Legislative Assembly, El Salvador will be placed at the forefront of the digitization of checks, making it the first country in the region to reduce the disbursement of funds with this type of cancellation.

Published in Finances

This monday, the Finance Commission of the Legislative Assembly approved an opinion for the reform to the "Income Tax Law to encourage national and foreign investment, essentially in the financial sector", exempting from the tax all movement of international capital entering the country.

 

Published in Economy

The Legislative Assembly approved 72 votes, the subscription of a loan for US$100 million to finance the "Program for Responsible Social Protection from Shocks in El Salvador".

Published in Politics

The Minister of Foreign Affairs, Alexandra Hill, received the members of the Electoral Observation Mission of the Organization of American States (MOE-OAS) in El Salvador, which is in our country to accompany and corroborate the development of the democratic process in which salvadorans will elect the next president and vice president of the Republic, as well as the new deputies of the Legislative Assembly, this february 4.

 

Published in Politics

The deputies of the Finance Committee issued a favorable opinion in favor of the draft General State Budget Law 2024, which amounts to US$9,068.7 million. The resources will be used so that all State portfolios can continue to work adequately in 2024.

Published in Finances

The Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL) presented to the Legislative Assembly the proposed decree with transitory provisions to reduce the electric rate by 14%.

Published in Economy
Monday, 02 October 2023 01:25

US$9,068.7 million 2024 Budget Bill delivered

The 2024 Budget Bill amounts to US$9,068.7 million and has as its main axes the Education, Health, Security and Defense branches, allocating US$3,694.1 million to these strategic pillars, which represents 40.7% of the total budget.

Published in Finances

With the purpose of streamlining and simplifying the labor processes that are processed in a judicial manner, last february 8, 2023 the deputies of the Legislative Assembly of El Salvador approved with 69 votes the reform of a series of articles of the Fourth Book of the Labor Code that contains its Procedural Part. Among the reforms are the following:

Published in Finances

With 69 votes, the deputies of the Legislative Assembly reformed articles 378 and 425 of the Labor Code, with the purpose of speeding up and simplifying the processes in the Labor Courts. For this purpose, the amount of money required to have access to the jurisdiction will be increased.

Published in Breaking News
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