The trade deficit has been offset by remittances from the large number of Salvadorans living abroad and from external aid. The deficit is expected to increase in 1998 as imports continue to rise. San Salvador is stepping up its privatization efforts in 1998 to increase revenues. Late in 1997 the legislative assembly approved a privatization law that will facilitate the sale of the state-owned telephone company sometime in 1998. The government also plans to privatize pension funds later in the year.
All information is subject to change at any time.
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