Panama School Year Delayed
Nicaraguans
Practicing Self-Censorship
Guatemalan Ambassador:
Mexican Cartels
Moving to Border Area to Avoid Crackdown
El
Salvador Income Dive
El Salvador Income Dive
San Salvador -Taxes in El Salvador shrunk in
February by $37 million compared to January,
further limiting potential public spending.
The 15.61 per cent decline is significant as
it is a high ranking income source for
public expenses.
The Central Reserve Bank rated the 2009
taxes compared to February 2008 at $31.9
million.
According to BCR ex President Rafael
Barranza, the numbers reflect the
international economic crisis as expressed
through declining exports.
Barranza told La Prensa Grafica that the
above is due to the loss of Markets for
Salvadoran products, declining remittances
and the loss of value added taxes, since the
demand for products and services also
shrunk.
Among the most affected sectors are the
manufacturing and construction industries.
One of the proposed solutions would be
redefining public spending |
|
|
|
|
