The government of El Salvador, led by President Nayib Bukele, has managed to keep its economy stable in a context where regions such as Europe and North America face crises due to shortages or high prices of inputs such as fuel, gas, and electricity.
In Europe, the forecasts of the specialists in macroeconomics and the projections of the European Union indicate that the continent will be able to complete only 80% of its gas storage capacity, with the exception of Germany, which could reach up to 90%, according to what they quote. international media.
These gas reserves will be a serious blow to the European economy since this storage capacity will cost 10 times more than the historical average, reaching $1,000 million, leaving high costs for services derived from gas and raising the cost of life in various regions already impoverished by the health crisis caused by COVID-19.
In order to avoid greater spending on this storage of reserves, countries such as Germany and France have already announced gas rationing. In the case of the Netherlands, the problem has fully impacted the cost of gas service, which has risen 150% compared to what it cost a year ago, according to the Dutch media outlet Telegraf.
Added to this gas crisis is the energy crisis, directly affected by the potential gas shortage and which has raised the cost of energy by more than 100%. Countries like Spain, Portugal, Germany, and the Netherlands have reported sharp increases in electricity service, adding increasingly deeper blows to family economies on this side of the world.
In this context, El Salvador has used measures to prevent increases in the prices of fuel, propane gas, and electricity, such as the application of subsidies, which has achieved a price freeze, allowing the state to absorb the increases and prevent them from reaching the pockets of Salvadorans.