Sectors of production and safety have higher cut in the annual budget

The sectoral councils of Production, Employment and Competitiveness with $ -398.8 million; of Security with $ -110.8 million and Social Development with an amount of $ -101.8 million are those that will suffer more cuts in investment in 2015. This is stated in the publication of the Annual Execution Plan of Investments made by the Ministry of Finance through its website.

According to the Ministry, the annual investment plan is then reduced from $ 8,047.2 million to $ 7,207.4 million.

On January 10, the Coordinating Minister for Economic Policy, Patricio Rivera, said that the cutting measures seeks to normalize the flow of public finances, which have been hit by the fall in oil prices. He recognized that the billing of a barrel of Ecuador is in the range of $ 39, when six months ago was between $ 96 and $ 98.