Displaying items by tag: debt
7 TIPS so your paycheck doesn't slip through your fingers
One of the most anticipated days for every worker is payday. So implement the following actions so that your paycheck doesn't slip away when you receive your paycheck.
World Bank indicates that El Salvador's growth outlook rose to 2.8%.
The World Bank in its latest report: Economic Outlook Latin America and the Caribbean october 2023 estimates that El Salvador's Gross Domestic Product (GDP) growth outlook rose to 2.8% in 2023.
Treasury approved to manage credit to carry out liability management operations
The deputies of the Treasury Commission issued a favorable opinion regarding the approval of the "Special Law that authorizes the execution of liability management operations for the conversion of short term debt to medium and long term debt".
40.7% of respondents went into debt to meet monthly expenses
According to the march 2023 Conjunctural Survey of Fundación Guillermo Manuel Ungo (FUNDAUNGO), explains that, despite the adjustment in the household budget, 40.7% of the population had to get into debt to meet their monthly expenses; 32.2% got into debt with other people; 6.2% with financial institutions (Banks or Savings Banks); and 2.3% with other people and with financial institutions.
Tips to avoid getting into debt at Christmas
1-Develop a budget
Ahead of the celebration, it is advisable to be austere. The main advice at the time of buying is to quote and compare at least three alternatives.
US$560 million to negotiate the sale of debt 2023-2025
The minister of Finance, Alejandro Zelaya said in a morning interview that with the US$560 million that the Special Drawing Rights from the International Monetary Fund (IMF) and the bond signed with the Central American Bank for Economic Integration (CABEI), they will start negotiating with bondholders who wish to sell the 2023-2025 debt which amounts to US$1,600 million.
How to avoid excess debt?
However, sometimes debts stop being a tool to improve your finances and become a burden that consumes much of your income and an obstacle to your peace of mind and economic growth.