A. M. 
With 57 votes in favor, the deputies of the Legislative Assembly approved the reform of the Budget Law 2024 to incorporate resources to the Ministry of Finance, so that it may attend to the State’s obligations and the management of liabilities. By incorporating US$1.2 billion to the Ministry of Finance, these funds will come from the issuance of Credit Securities.
The reform will allow the Ministry of Finance to have these resources available to meet the “general needs” of the state budget, mainly focused on the financing of the public debt. However, it was not specifically detailed in which areas the additional funds will be applied.
Likewise, Deputy William Soriano pointed out that the state can carry out these operations “to improve the profile of the public debt portfolio of the Salvadoran State”. Likewise, the president of the Assembly assured that this measure is crucial to guarantee the financial stability of the country.
In addition, the government requested authorization for the Ministry of Finance to negotiate long-term financing agreements, of up to 20 years, with various public and private entities, in order to support strategic social, environmental and economic projects.
