El Salvador 2027 Budget Bill Seeks US$12.42 Billion, With US$3.42 Billion for Education
El Salvador 2027 budget: a US$12.42 billion bill, up 17.7%, puts US$3.42 billion into education, 8.1% of GDP, but leaves a US$515 million gap to fill. The post El Salvador 2027 Budget Bill Seeks US$12.42 Billion, With US$3.42 Billion for Education appeared first on The Rio Times .
El Salvador's 2027 budget bill requests a total of US$12.42 billion, with US$3.42 billion allocated specifically for education. Finance Minister Jerson Posada presented the bill to the Legislative Assembly on September 30th. The budget is an increase of US$1.87 billion, or 17.7%, from the current year's US$10.56 billion budget. The education spending, which accounts for 8.1% of the GDP, is three times what previous governments allocated.
This increase comes from funds redirected from the Justice and Defence ministries, with US$40 million taken from each. The bill also includes US$562 million for school infrastructure, US$415 million for technology in classrooms, and US$90 million for university scholarships. Despite the substantial education funding, there is a financing gap of US$515 million.
The budget also includes measures to control public-sector pay raises and new hires, aiming to keep the deficit lower than the US$3.21 billion projected by the IMF. The economy is expected to grow by 5.1% in the second quarter, which supports the revenue forecast. However, the claim of El Salvador spending more of its economy on education than any Latin American country has not been independently verified.
The bill is now awaiting study by the Assembly's finance and budget committee, with no vote date set. This comes in the lead-up to the February 2027 general election.
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.
