Manabí has the highest percentage of beneficiaries of the welfare bonus

The province of Manabí has a 26.8%, higher percentage of beneficiaries of the Human Development Bonus (BDH by its Spanish acronym), a subsidy of $50 dollars that the Ecuador Government provided to help households in poverty. Guayas with 16.2% and Orellana with 12.5%, are as...
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State Spending rose in the first half of 2013

Despite the reduction of income sources, public spending in the first half of this year was $ 14,588 million compared with the same period in 2012, in which the expenditure was $ 12,543 million. According to the Fiscal Policy Observatory, the $ 2,045 million increase is due to...
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Bank profits fall 44%

As predicted by the Superintendence of Banks in last January, the contraction of the profits of private banks was even higher in February this year. In January 2013 the bank reported a decline in profits of 35%, while the value of last month rose to 44%. Fernando Quezada, banking...
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Government provides 37 questions to define tenure of BDH

The Ministry of Economic and Social Inclusion (MIES for its Spanish acrony,) has launched a plan to verify the status of those receiving the Human Development Bond (BDH for its Spanish acronym) through door-to-door tours, survey applications, reporting and monitoring cases of...
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Bank profits are down by $ 11 million

Since October last year, the condition of the private financial sector in Ecuador is on the decline. Bankers warned that their numbers could fall by government regulations. Accounts data show that in January they were right. Its profits fell 34.93% compared with January 2012....

Human Development Bonus Would Increase from 35 to 50 Dollars

Starting January of 2013 will the human development bonus increases its amount from $ 35 to $ 50 dollars, quantity that will be financed with taxes from the bank utilities. Yesterday the National Assembly gathered the partial veto of the Ecuadorian president Rafael Correa for the...
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BDH Law will have an objection

The executive power will partially veto the Law for the Redistribution of the Social Spending over a disagreement on one of its points. The objection seeks to limit the delivery of the Human Development Bond (BDH for its Spanish acronym) to those over 65 living in the border...
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Rafael Correa: “Veto could delay bill validity”

The president of Ecuador, on its last Saturday link, partially confirmed that he will veto the Draft Law for the Redistribution of Social Spending, approved by the National Assembly. He said the veto is being given due to the inclusion of unnecessary or already contained issues...