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Thursday, 26 January 2023 02:56

Payment of US$800 million of 2023 bonds was made thanks to tax collection

Written by Evelyn Alas
Payment of US$800 million of 2023 bonds was made thanks to tax collection

The minister of Finance, Alejandro Zelaya said in a morning interview that the payment of the US$800 million Eurobonds 2023 maturing on january 24, came from the increase in tax collection, reduction in public spending and the implementation of a strategy to strengthen public finances.

The official also added that the country saved US$288 million in the repurchase, thus being a source of resources that the salvadoran nation is saving.

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Minister Zelaya affirmed that no international reserves have been used for the payment of the 2023 bonds. He also confirmed that the country will continue to comply with all its debt obligations.

Also, he also said that, thanks to the strategies in combating tax evasion focused on prioritizing public investment and modernizing the State through the Ministry of Finance, US$1,800 more has been collected than in 2018.

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He said that the visit of the vice president of the World Bank, Felipe Jaramillo, was to reaffirm the accompaniment that the multilateral bank has with the country, for economic reactivation, employment and early childhood.

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He noted that the World Bank has operations in El Salvador for a portfolio of US$900 million.

 

Translated by: A.M

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