• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Get to know the Tourist Routes in Ecuador
Rice, palm and sugar cane growers join the dialogue with Minister Bernardo Manzano
International banks project that Ecuador will grow between 4 and 4.5% in 2022
Ecuador surpasses Colombia and Peru in GDP growth, generated by the agreement with the European Union, according to the Bloc’s counselor
6% of Ecuadorians over 15 years of age do not know how to read or write
The gross profit reached $77.8 million, in the first quarter of 2022, of Banco del Pacífico, which “will be sold in a few weeks”
Updating the limits of the Brotherhood Marine Reserve was published in the Official Registry
Ecuador approves goals and IMF will transfer USD 1,700 million this year
52 Ecuadorian entrepreneurs land in Israel, cradle of innovation
Ecuadorian textile companies take advantage of the global logistics crisis

Alfredo Vergara: “they withdrew banks deposits to pay taxes”

Posted On 09 Aug 2016

 ALFREDO VERGARA-ECUADORTIMES

In an interview with Daily Expreso, Alfredo Vergara, former Superintendent of Banks, mentions two problems on the country’s economy.

“Liquidity is the ability to finance productive projects and unemployment and underemployment; four out of ten Ecuadorians have an adequate job, others are underemployed or unemployed.”

He explained that after dollarization in 2000, loans to the private sector, granted by financial institutions, were of about $ 4,000 million. From there, the figure began to rise until the first quarter of 2015 and the fall began in April.

Safeguards were imposed, and thus “the payment capacity of the private commercial sector fell; and it happens that importers and consumers begin to withdraw their deposits to pay taxes and that goes to the government. That happens with any tax, there is nothing new with this as the government spends the money and returns the liquidity to the country. The point is that only half of government spending was internal.”

 

 

Source: http://expreso.ec/alfredo-vergara-retiraron-depositos-de-bancos-para-pagar-los-impuestos-LH548915

 

About the Author
  • google-share
Previous Story

Surtaxes still impact the Ecuadorian industry

Next Story

The Ecuadorean banking system has not yet recovered

SEARCH

LATEST NEWS

Get to know the Tourist Routes in Ecuador

Posted On 16 May 2022

Rice, palm and sugar cane growers join the dialogue with Minister Bernardo Manzano

Posted On 16 May 2022

International banks project that Ecuador will grow between 4 and 4.5% in 2022

Posted On 13 May 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net