El Salvador Budget Shift Moves US$97 Million It Can Still Borrow
El Salvador's government wants to spend US$97 million it is already allowed to borrow. The money is left over from two domestic bond issues. The post El Salvador Budget Shift Moves US$97 Million It Can Still Borrow appeared first on The Rio Times .
On September 3, El Salvador's Finance Ministry requested a US$97 million increase to the 2026 national budget, according to wire material. This amount is less than 1% of the total budget of US$10.56 billion for the year. The extra funds would come from unused bond authorizations, not new borrowing or budget surplus. The money would be allocated to 11 state institutions, including agriculture, prisons, tourism, and the Ministry of Interior.
The government states the funds are needed for "priority and unavoidable obligations." The request is currently under review by the finance committee of the Legislative Assembly, El Salvador's Congress. If approved, the money would be distributed to the designated institutions. El Salvador is currently under an IMF program that limits new debt, but the government is using existing borrowing capacity to meet its financial obligations.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
