The President of the Legislative Assembly, Ernesto Castro, received the Minister of Finance, Jerson Posada, for the official delivery of the General Budget Bill 2025, which amounts to US$9,663 million. This budget is significant, as it is the first in decades to be fully financed without the need to resort to debt for current spending.
Minister Posada emphasized that, starting next year, El Salvador will not spend more than it collects annually, meeting all its national and international obligations with its own revenues. This change represents a milestone in the country’s fiscal management, promoting financial independence.
The 2025 Budget Project is designed to respond to current needs, eliminating dependence on loans for state operations. This approach seeks to build a stronger and more prosperous country for future generations, following an orderly economic plan.
Allocations
US$1,535.8 million was allocated to the Ministry of Education to strengthen the quality of education and the integral development of children and youth. This reflects a clear commitment to the future of the country through education.
Likewise, the health system will receive US$1,170.4 million to improve the infrastructure and equipment of hospitals and health units, in addition to financing Telemedicine programs and the Medical Emergency System.
In terms of security, US$903.4 million will be allocated to the Ministry of Security and Defense, reinforcing the strategies implemented to guarantee the peace of mind of salvadorans.
The Ministry of Public Works and FOVIAL will receive $409.9 million to promote the modernization and connectivity of the country. This effort is key to improving infrastructure and public services.
Likewise, the budget contemplates US$1,700.5 million to finance strategic projects that promote public and private investment, boosting El Salvador’s economic development and ensuring sustainable growth.
In addition, it was reported that the Legislative Assembly’s budget for next year will be US$46.9 million, which represents a reduction of US$11.3 million compared to 2021. This adjustment reflects the government’s commitment to optimize resources and make a more efficient use of public funds.
Within this budget, it is planned to reduce the amount allocated to remunerations to US$36.7 million by 2025, which is equivalent to a cut of US$18.6 million compared to the US$55.3 million allocated in 2021. This measure seeks to ensure a more austere and responsible management, in line with the goal of a fully funded and debt-free budget.