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El Salvador's government aims to save $170 million of unnecessary subsidies next year

Tuesday, December 20, 2011


The government of El Salvador hopes to cut about $170 million in subsidies to the prices of propane gas, electricity and public transport.

Carlos Cáceres, the finance minister, admitted that much of the government's aid does not reach the families most in need.

For example, the government currently spends $20 million a year on subsidies for families that consume 300 kw/hour of electricity. This year, only families that consume more than 100 kw/hour will benefit.
 


Original source (in Spanish): El Diario de Hoy