El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025

“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.”