A. M. El Salvador closed the first quarter of the year with a solid tax collection that reached US$1,937.8 million, 3.1% more than in the same period of 2024. The increase represents an additional US$58.6 million, according to the recent publication of the Ministry of Finance, which reflects a sustained improvement in tax compliance and the country’s economic dynamism.
This performance not only surpassed last year’s figures, but also broke with the official projections established for this period. The national budget had estimated a collection of US$1,867.6 million, but the actual figure was US$70.2 million higher, that is, 3.8% more than expected.
These results could be linked to improved auditing, the digitalization of tax processes, and greater growth in formal economic activities. Treasury authorities stated that this performance allows strengthening public spending in priority areas such as health, education, and infrastructure.
The Director General of Internal Taxes, Marvin Sorto, announced that at the close of the Income Tax (ISR) declaration period, which ended on april 30, a collection of US$635 million is projected for fiscal year 2024. In addition, more than 836,000 returns are expected to be received, which represents an increase of 3.08 % with respect to the 811,000 registered last year.
With these results, El Salvador starts 2025 positively in fiscal matters, which could give the Government room to adjust public investment goals and maintain financial sustainability throughout the year. The Ministry of Finance expects to maintain this pace in the coming months.
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