Displaying items by tag: FEFE

On march 11, El Salvador will celebrate one year since the Ministry of Economy and Finance implemented measures to contain the rise of basic food products, affected by the economic crisis derived from the war between Russia and Ukraine and the high oil prices.

Published in Economy

The minister of Finance, Alejandro Zelaya delivered four initiatives to the President of the Legislative Assembly in order to protect the pockets of salvadorans in the face of the international inflationary crisis and cushion the economic cost of the same.

Published in Economy
Friday, 02 September 2022 03:26

Extension of economic measures goes into effect

Today, the extension of the economic measures to face the global inflation, promoted by the central government, came into effect with the objective of helping the pockets of salvadoran families.

Published in Economy

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.

Published in Economy

The Minister of Finance, Alejandro Zelaya said in a press conference that fuel prices will be maintained, due to the implementation of measures that continue to help cushion these increases with the elimination of the COTRANS tax and the Fondo de Estabilización Económica (FEFE).

Published in Finances

The Minister of Finance, Alejandro Zelaya, said in a press conference that the institution will monitor to evaluate a possible extension of the three-month suspension of the measures announced by the Central Government.

Published in Finances

Fuel expert, Julio Villagrán informs salvadorans that gasoline prices could increase starting next tuesday between US$0.35 for diesel and US$0.27 for regular and premium.

Published in Finances

The President of the Republic, Nayib Bukele, through a national chain announced the implementation of 11 measures in response to global inflation, the first is the suspension for three months of the Fondo de Estabilización para el Fomento Económico (FEFE) tax, US$11.52 million less in taxes that the Government will not receive, and the suspension for three months of the Contribución al Transporte (CONTRANS), which implies US$13.04 million less for the State.

Published in Economy
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