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Writer's pictureAlex Garcia

🎉 El Salvador Makes History: 100% Self-Financed Budget



President Nayib Bukele has announced that, for the first time in decades, El Salvador will fully fund its national budget without relying on external debt. This is a historic milestone towards the country’s financial independence. No more borrowing to cover state expenses! 🇸🇻💪

💡 A New Era of Sustainability: Bukele emphasized that the country will no longer spend more than it produces, promising immediate benefits and steady growth year after year. The budget will be presented to the Legislative Assembly on September 30, marking the beginning of a new economic transformation. 📅

🌋 Bitcoin: Key to Economic Freedom: Since adopting Bitcoin as legal tender in 2021, El Salvador has mined 473.5 BTC using volcanic geothermal energy, bringing its total holdings to 5,750 BTC valued at $354 million. This bold bet on cryptocurrency and renewable energy is positioning the country as a digital economy pioneer. 🚀⚡

📊 Regulation and Financial Sovereignty: El Salvador has established a favorable regulatory framework for cryptocurrency, attracting global investments and promoting financial inclusion among its citizens. This strategy is helping the country reduce its debt reliance and strengthen its financial sovereignty. 🌍

🔗 Watch the full speech here 🎥




This article and image was created by Alex Garcia with the help of an AI.

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