During the commemoration of El Salvador’s independence, President Bukele announced that on September 30, the country will present its first fully financed budget in decades. This budget will not require taking on any debt for current spending, marking a significant milestone for the nation.
Bukele emphasized that El Salvador will no longer spend beyond its means, ensuring that the country does not borrow money to cover interest payments on inherited debts. Instead, the government will cover these expenses using revenue generated from its own production.
This historic move signals a shift towards financial responsibility and sustainability, setting a positive example for other nations facing similar challenges. By prioritizing self-sufficiency and prudent financial management, El Salvador is taking a bold step towards securing its economic future.
