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Budgetary assignments for 2015 were delivered under the amount of $ 36 317 million
Posted On 01 Nov 2014
The Finance Minister, Fausto Herrera, sent the budgetary assignments for 2015 to the National Assembly for $ 36 317 million, he said in his Twitter account.
The proposed amount is 5.9% more than the approved budget that was set for 2014, which was of $ 34,300 million.
Within the budget the oil price for 2015 was USD 79.7 per barrel, less than the amount scheduled for 2014, which was of $ 86.4.
In June the price of the Ecuadorian oil reached its highest point, standing at USD 98.9. But it’s value was falling in recent weeks, and on October 23 was of about USD 75.4.
