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Experts warn about El Salvador's debt

Tuesday, July 23, 2013

The Salvadoran Government's struggles to control its public debt and spending levels could become unsustainable if it fails to make changes in the following months.

Five institutions in the country presented a public finance diagnostic, with estimates up to 2017, where they proposed measures to make the situation more manageable.

This year, the Tax office estimates a debt equivalent to 51 percent of the gross domestic product.

Source (in Spanish): La Prensa Gráfica