Read all posts for ‘subsidios’

The Salvadoran state is like a father who has many children. It is in debt, has limited wages, has maxed out its credit cards and overdrawn its checking account, and while it gets loans to restructure its debt, it always comes back for another overdraft. Father State thinks he’s doing well. He […]

Abstract: At the end of 2012, the debt of El Salvador reached $13,480.1 million, about 56.5% of the Gross Domestic Product. The Government has a limited income but a growing spenditure, and nowadays maintains a list of subsides on products and services that costs over $400 million. This subsides have […]