NAYIB BUKELE PROTECT E.S PROFITS FROM INFLATION DURING GLOBAL CRISIS

The Salvadoran government continues with presence throughout the territory to ensure compliance with the measures promoted by President Nayib Bukele to protect the economy of households in the face of an adverse situation.

 President Nayib Bukele from day one has been acting to protect the Salvadoran population and to provide the tools for our country to grow.

The institutional teams have been active since the early hours of Monday, March 14, when the reforms and laws sanctioned by President Bukele went into effect: the reduction of $0.28 per gallon of gasoline for the final consumer, application of the double subsidy for the purchase of gas drums, authorization to impose sanctions by transit managers, facilitation of procedures to import essential products, reduction of taxes to import essential products and stiffening of sanctions for those who break the law, specifically related to the commercialization of fuels and public transportation.

These measures will be in effect for three months, until June 2022.  In the case of the reduction of import costs -in time and money- of essential goods, they will be in force until March 2023.

With these decisions, President Bukele is also preparing El Salvador for a situation that may become more complicated on a global scale. It is the same as with the pandemic caused by COVID-19, the pests affecting agriculture or the situation with the rains: the head of state directed actions in advance to take care of the welfare of the population, without waiting for a critical moment to arrive.

El Salvador has to be prepared for what is coming. And what is coming is not only a shortage within El Salvador, but worldwide. Russia and Ukraine are big producers of food, steel, natural gas, oil; so this will affect us. Food shortages will be a reality and we must be prepared.

From the moment the product enters the port, to the follow-up of the price for the final consumer, the Government will remain vigilant to ensure that there will be a relief for Salvadoran households with a significant reduction in prices.

The Government of President Nayib Bukele will implement a series of measures to safeguard the economy of salvadorans. This Sunday, the deputies of the Legislative Assembly approved five initiatives, as part of the articulated work for the benefit of salvadorans.

President Bukele instructed the execution of 11 measures to avoid negative effects of inflation due to international factors. For this reason, the Legislative Assembly supported the Government’s initiatives to protect the pockets of Salvadorans.

The temporary regime of suspension of the Special Contribution for the Stabilization of Fares of the Collective Transportation Service (Cotrans) was supported by 80 votes. In addition, the temporary regime of suspension of the application of the charge related to the special account of the Stabilization and Economic Development Fund (FEFE) was approved with 81 votes. With both decrees, Salvadorans will save $0.26 cents per gallon of fuel. The measure has a term of three months.

Likewise, the Special Transitory Law to Combat Price Inflation of Basic Products was approved with 76 votes, which will allow maintaining or reducing the price of vegetables, cereals and others, by exempting them from taxes and speeding up the procedures to enter the country. Thus, families will be able to continue acquiring basic food basket items without affecting their pockets.

The Special Transitory Law to Sanction Infractions in the Commercialization of Petroleum Products was also approved with 75 votes. Likewise, the amendment to the Law of Transit and Land Transportation was made to give competence to the managers and inspectors of the Vice-Ministry of Transportation (VMT) to impose fines to those who violate the law.

In addition, these measures will make possible the exoneration of taxes on fertilizers for a period of one year, the reduction of the cost of importing indispensable products for the consumption of Salvadorans and inputs for products of the basic food basket.2

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https://diarioelsalvador.com/nayib-bukele-la-oposicion-perdio-toda-la-verguenza-ahora-defienden-a-una-de-las-peores-mafias-de-nuestro-pais/203342/

NAYIB BUKELE: “THE OPPOSITION LOST ALL SHAME. NOW THEY DEFEND ONE OF THE WORST MAFIAS IN OUR COUNTRY”.

President Nayib Bukele reacted on the position being taken by the opposition on the actions being taken by the Government to take care of the economy of Salvadorans in the transportation sector.

by Diario El Salvador

March 14, 2022 In DePa铆s

The president of El Salvador, Nayib Bukele, stated in his Twitter account that the opposition now “defend one of the worst mafias” in the country, regarding the issue of the suspension of the concession of public transport line to units belonging to businessman Catalino Miranda, for infractions to the traffic law.

“The opposition lost all shame. Now they defend one of the worst mafias of our country”, reiterated the Salvadoran president and added:

“They see that they swindle our people and they rejoice. But if they see that we act to prevent it, they become indignant. No wonder, look at the result of their 3 decades in government”, he said through his social networks.

Last Saturday, March 12, the National Civil Police (PNC) captured businessman Catalino Miranda, owner of 293 units of routes 42 and 152, of which 78 are buses and 215 are microbuses for infractions to the Transit Law.

Catalino Miranda is accused of illegally increasing fares on routes 42 and 152, in addition to obstructing public roads with these units.

MOTORCYCLISTS OF THE ARMED FORCES WILL OPERATE TRANSPORTATION ROUTES 152 AND 42 AND WILL PROVIDE SECURITY TO PASSENGERS.

These routes will be operated by the Salvadoran State free of charge so that users have no difficulty in getting around. “No transportation unit will be left without providing its service”, assured President Nayib Bukele.

by Nicolle Men茅ndez March 13, 2022

Armed Forces motorcyclists will operate transportation routes 152 and 42 and will provide security to passengers.

The Minister of Defense, Francis Merino Monroy, informed this morning that, as established by the Constitution and the laws, “the buses and minibuses of routes 152 and 42 will be operated by the State to provide transportation service to the entire population” and in this way guarantee that the population can mobilize as it does every day of the week.

The members of the Armed Forces who will resume the service have the required driver’s license, said the Director of Land Transportation of the Vice Ministry of Transportation, Ra煤l L贸pez Velado, who went to the parking place of route 152, in Zaragoza, to supervise the units.

For his part, the President of the Republic of El Salvador, Nayib Bukele, stated that no transport unit will be left without providing service to the population.

“And as an indirect consequence, passengers will be taken care of by our Armed Forces. Prepare more drivers minister, if more carriers go on strike, we will have to intervene all those units as well….. Not a single unit will be left without providing the service”, affirmed the President.

On the other hand, the Director of Land Transportation, Ra煤l L贸pez Velado, affirmed that the route 152, in units driven by members of the Armed Forces, will be provided free of charge.

“This action is aimed at guaranteeing the service within the parameters of the operational plan of the routes, in the schedule and frequency required to cover the needs of the population”, affirmed the director of land transportation. Likewise, he said that this day only the number of drivers of the Armed Forces necessary to cover Sunday’s demand has been required, but that it is expected that tomorrow, Monday, the number of drivers will increase.

https://ultimahora.sv/presidente-bukele-anuncia-11-medidas-de-alivio-economico-para-los-salvadorenos/

PRESIDENT BUKELE ANNOUNCES 11 ECONOMIC RELIEF MEASURES FOR SALVADORANS

Mar 10, 2022, 21:41 pm/ By Redacci贸n UH

The President of the Republic, Nayib Bukele, announced 11 measures that will mitigate the global economic impact caused by the US economic sanctions against Russia due to the conflict with Ukraine.

Among the measures announced are:

1.- Suspension for three months, extendable, of the Economic Development Stabilization Fund (FEFE), known as war tax. It is currently $0.16.

Suspension, extendable, of the contribution tax on transportation (COTRANS). It is currently $0.10.

3.- Deployment of inspectors of Mines and Hydrocarbons in ships and gas stations, to guarantee the quality and quantity of the fuel that Salvadorans buy.

4.- To present a “Law of sanctions for abuses in the commerce of products derived from Hydrocarbons” to penalize criminally and economically the abuses in this market.

To increase the subsidy to propane gas, he assures that with this measure he will reduce the price with 2 subsidies that will lead to free filling of the 10 pound cylinder.

6.- To delegate inspectors also to verify that the exact weight of the propane gas cylinders is provided, in case of complaints of non-compliance.

VMT and PNC will deploy personnel to guarantee that the authorized fare of $0.20 is charged in collective transportation.

8.- Deployment of inspectors to guarantee the exact weight of propane gas.

9.- The price of electric energy will be maintained, and the contracts with the electric distributors will be “renegotiated” so that any increase generated in the cost can be compensated so that it does not translate into an increase in what the population pays.

CEL will have to seek to increase its production of energy that is not derived from fuels.

Suspend for one year the import taxes on the following products (it should lower the price between 35 and 40%): oil and butter, rice, sugar, onion, chili, fertilizers, black and red beans, flour (corn and wheat), milk, white and yellow corn, oranges, bananas, potatoes, tomatoes, cabbage, wheat in cereal and animal feed.

11.- Authorization to import food products to suppliers with permits issued in 67 countries.

https://diariolahuella.com/presidente-bukele-sanciona-reformas-que-ayudaran-a-reducir-el-impacto-de-crisis-economica-mundial/

PRESIDENT BUKELE APPROVES REFORMS THAT WILL HELP REDUCE THE IMPACT OF THE GLOBAL ECONOMIC CRISIS

The Government of President Nayib Bukele will implement a series of measures to safeguard the economy of salvadorans. This Sunday, the deputies of the Legislative Assembly approved five initiatives, as part of the articulated work for the benefit of salvadorans.

porRedaccion13/03/2022

The President of the Republic, Nayib Bukele, has sanctioned this noch/ e 5 reforms that will help reduce the impact of the world economic crisis and inflation, caused by the great powers and whose countries like El Salvador have been affected.

“Some will take a while to feel their effects, but others, such as the reduction of $0.26 on a gallon of fuel and the exact fare collection should be felt as of tomorrow”, said the Head of State.

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President Bukele instructed the execution of 11 measures to avoid negative effects of inflation due to international factors. For this reason, the Legislative Assembly supported the Government’s initiatives to protect the pockets of Salvadorans.

The temporary regime of suspension of the Special Contribution for the Stabilization of Fares of the Collective Transportation Service (Cotrans) was supported by 80 votes. In addition, the temporary regime of suspension of the application of the charge related to the special account of the Stabilization and Economic Development Fund (FEFE) was approved with 81 votes. With both decrees, Salvadorans will save $0.26 cents per gallon of fuel. The measure has a term of three months.

Likewise, the Special Transitory Law to Combat Price Inflation of Basic Products was approved with 76 votes, which will allow maintaining or reducing the price of vegetables, cereals and others, by exempting them from taxes and speeding up the procedures to enter the country. Thus, families will be able to continue acquiring basic food basket items without affecting their pockets.

The Special Transitory Law to Sanction Infractions in the Commercialization of Petroleum Products was also approved with 75 votes. Likewise, the amendment to the Law of Transit and Land Transportation was made to give competence to the managers and inspectors of the Vice-Ministry of Transportation (VMT) to impose fines to those who violate the law.

In addition, these measures will make possible the exoneration of taxes on fertilizers for a period of one year, the reduction of the cost of importing indispensable products for the consumption of Salvadorans and inputs for products of the basic food basket.

https://www.102nueve.com/2022/01/11/vmt-sanciona-unidades-del-transporte-publico-y-de-carga/

VMT SANCTIONS PUBLIC TRANSPORTATION AND CARGO UNITS

01/11/2022

The Vice Ministry of Transportation sanctioned a driver of Route 61 for unauthorized fare hike. In addition, Route 202 received a sanction for not carrying spare tires, as well as a cargo transport unit and another for carrying unauthorized weight.

“In order to safeguard the lives of Salvadorans, the VMT carries out weighing controls aimed at cargo transportation in different areas of the country,” the institution said.

The VMT maintains the articulated work with the PNC in different parts of the country to verify compliance with traffic regulations and remove irresponsible drivers on the road, who endanger their lives and the lives of others.

“We are ensuring compliance with traffic regulations for the benefit of Salvadorans,” said the VMT.

https://lapaztimes.com/estos-son-los-nuevos-precios-de-la-gasolina-en-el-salvador-tras-reformas-aprobadas-por-la-asamblea/

THESE ARE THE NEW GASOLINE PRICES IN EL SALVADOR AFTER REFORMS APPROVED BY THE ASSEMBLY

Gasoline prices in El Salvador will suffer a variation starting this Monday after yesterday the Legislative Assembly approved a series of reforms as part of the initiatives promoted by the President of the Republic, to alleviate the economy of Salvadorans in the face of the current world crisis.

Redacci贸n LPT /March 14, 2022

Gasoline prices in El Salvador will suffer a variation starting this Monday after yesterday the Legislative Assembly approved a series of reforms as part of the initiatives promoted by the President of the Republic, Nayib Bukele, to alleviate the economy of Salvadorans in the face of the current world crises.

During an extraordinary session, the Legislative Assembly approved the suspension for three months of the payment of $0.10 related to the Special Contribution for the Stabilization of Fares of the Collective and Mass Public Transportation of Passengers Service (COTRANS).

In addition, they also approved the elimination, for the same period of time, of the $0.16 related to the Economic Development Stabilization Fund (FEFE).

Both laws were sanctioned yesterday by President Nayib Bukele, who, from his Twitter account, stated that the reforms would come into force as of this Monday, also publishing how fuel prices would be after these measures.

New gasoline prices

Regular gasoline will be priced at $4.15 in the central zone, while in the west and east of the country it will be $4.16 and $4.19, respectively. In the case of premium gasoline, it will be $4.31 in the central zone, while in the west and east it will be $4.32 and $4.35, respectively.

In the case of diesel, it will only suffer a reduction of $0.10 due to the fact that the FEFE tax was not applied to its price. For the central zone, the cost per gallon will be $4.14, for the western zone it will be $4.15 and for the eastern zone it will be $4.18.