The results of the last macro-fiscal profile of the Central American Institute for Fiscal Studies (ICEFI) show that the government’s expenditure is the exact opposite of the austerity plan President Solis mentions in his speeches.
According to the balance of income, expenditure and funding provided by the Ministry of Finance, the total expenditure of Central Government in December 2015 amounted to ¢5.8 trillion, 9.8% more compared to the end of 2014.
The total amount represents 20.7% of the national GDP.
The conclusion is that the expenses sharply contrast with the theoretical objectives of the austerity plan announced by the government to stabilize public finances in the medium term.