A. M. 
The minister of Finance, Jerson Posada, participated in the “Country Strategy” workshop organized by the Development Bank for Latin America and the Caribbean (CAF), where he highlighted the significant progress El Salvador has experienced in the economic and fiscal area. Posada underscored the crucial role of the Ministry of Finance in improving tax collection, highlighting that tax revenues at the preliminary closing of 2023 exceeded by approximately US$310 million the revenues of 2022, without the need to increase taxes. This achievement is attributable to the implementation of an effective Anti-Evasion Plan and Anti-Smuggling Plan.
The report from the Ministry of Finance reveals that the Government of El Salvador has seen a notable increase in tax collection during the first seven months of 2024, with current revenues and contributions reaching US$4,747 million. This represents an increase of 8.5% compared to the same period last year, evidencing a significant improvement in the country’s fiscal management.
During the workshop, the vision of the Government of El Salvador to further strengthen economic management and ensure sustainable development was presented. The President of the country has announced an Economic Plan focused on consolidating these advances and facing future economic challenges. This plan aims to maintain economic growth and ensure long-term fiscal stability.
Minister Posada also highlighted CAF’s fundamental role as a strategic ally in El Salvador’s sustainable development. Collaboration with CAF has been essential to diversify the country’s economic strategies and respond in a timely manner to new needs that emerge in an ever-changing economic, social and environmental context. The partnership with the development bank has been crucial in strengthening the country’s capacity to achieve sustainable development and meet the demands of an evolving economic environment.
