Wednesday, 31 May 2023 02:19

Treasury reports US$3.114 billion in tax collections as of may 28th

Written by Evelyn Alas

The minister of Finance, Alejandro Zelaya said this morning in a morning interview that the institution has achieved the tax goals at the level of Income and Value Added Tax (VAT) revenues, only up to may 28, 2023, US$3,114 million have been registered.

So far, according to the official, the projected goal for this year has been met. He added that, compared to 2022, there has been a slight increase of 5%.

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Likewise, he explained that, if 2018 collection figures are compared with revenue figures in 2022, there is close to US$1,800 million the differential for this year, pointing out that the economy is performing as expected for 2023.

With the Anti-Evasion Plan, 179 cases have been brought before the Fiscalía General de la República, US$175 million have been presented in warnings alone, plus amnesties and other strategies we have recovered around US$1.2 billion.

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He highlighted that El Salvador is going to follow the path of fiscal sustainability with the early debt payments in which US$288 million were saved.

He also explained that S&P and Fitch Ratings upgraded the country's rating, thanks to the constant updating of our fiscal measures and the achievements in security that have positively impacted our economic performance.

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He explained that they have complied with all obligations as Central Government and will continue to do so through an adequate management of tax revenues and an adequate investment policy so that the Gross Domestic Product (GDP) continues to grow.

 

Translated by: A.M