"I announce that this September 30 we will present before the Legislative Assembly for the first time in decades the first fully financed budget, without the need to take a single cent of debt for current spending," said Bukele on Sunday, during the commemoration of the 203 years of El Salvador's independence. "El Salvador will no longer spend more than it produces annually," he continued. "We will not even lend money to pay the interest on the debts that we inherited, we will even pay that from our own production."
"A more robust economy and a truly independent country will be seen, not only because it has more freedom and security but because it will be financially independent, fiscally independent," he added. "The new generations will inherit an economically prosperous country."
El Salvador's Finance Minister, Jerson Posada, detailed that it will be "the first time in decades that the country will have a budget that will not issue a single cent of debt, neither local nor foreign".
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