Bitcoin adopters El Salvador to present debt-free 2025 budget

The president of El Salvador — the world’s first country to adopt Bitcoin (BTC) as its legal tender — Nayib Bukele announced that the country’s 2025 budget will be debt-free.

The news was announced during a talk held during El Salvador’s Independence Day celebrations and published by Bukele in a Sept. 16 X post. The president called the video “financial independence announcement on Independence Day” and in the video, he says:

“This September 30th, for the first time in decades, we will submit to the Legislative Assembly a proposed national budget that is completely balanced, with no need to issue a single cent of debt for our current expenditure.

Financial independence announcement on Independence Day