Economic analyst Alberto Acosta Burneo recalls that the state budget last year was USD 670 million, compared to that of 2013, which was of USD 1 billion, evidencing a decrease.
And as he explains this responds to the changing economic reality of the country over the years, partly because of falling oil prices and the increasing public spending. “Moreno receives a government with unbalanced accounts and a high annual deficit.” He adds that if the Government wants to fulfill these offers of social nature, it will have to find a way to pay them. Burneo Acosta discards that the oil revenues manage to raise enough money and bets for a reduction of expenses within the state apparatus. Even one of Moreno’s offers was to create more jobs in this sector.