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In 2012, the cost of the salaries of public servants surpassed the collection of income tax and value added tax (VAT) together. Experts say this trend could be repeated later this year. Jaime Carrera, secretary of Fiscal Policy Observatory (MRO), discussed the factors that have...

The Ministry of Finance, Patricio Rivera, presented the figures for the State Budget 2013 and announced that the amount will be equal to that approved in 2012, is around $ 26,000 million. This happens in election years. According to the 2008 Ecuadorian Constitution, when there...

The government announced, after a three and a half hours metting with members of the National Federation of Bakers (FENAPAN for its Spanish acronym) at the Ministry of Agriculture, that the price of common bread is going to remain at $ 0.12 until further notice. The announcement...

Currently the Comptroller is investigating the case of Pedro Delgado, president of the Board of the Central Bank (BC), which opened a special review their declarations of assets by buying and financing a home in Miami last December. New data argue that Delgado has no mortgage in...

The Ecuadorian Business Committee, requested the Government of Ecuador flexible working time of 40 hours a week. This guild, which brings together the main production cameras, proposes to allow companies to distribute the time at different times and not eight hours an employee...

From this month, people who send money abroad will measure the amounts of money transactions to forward, if they want to avoid paying tax on Foreign Exchange Outflow (ISD for it Spanish acronym). It is estimated that for tomorrow starts a new regulation governing the Internal...

The government ordered private banks to buy bonds of Petroecuador during the first days of this week, to reduce liquidity in the market, and not to increase inflation and finance the payment of overdue obligations This instance has generated interbank rates rise to 45% by reduced...

Ecuador registers monetary losses of $ 600 million due to the Sigatoka Negra fungus. The President of the Banana Chamber, Evaristo Baque, says that 40% of banana plantations in the country has been affected by the fungus, ie, 85,000 hectares. “This is the result of...

Since 2007, Spain the United States and the European Commission have been the biggest donors to Ecuador with a sum of $ 677 million, for a total of 1894 million invested through 2010. This money has been invested in 124 projects of social development in 2010: 64 in education, 128...

As part of its strategy for a possible non-renewal of ATPDEA tariff preferences, the government seeks to use five export quality products in the General System of Preferences (GSP). Tuna pouch (holster), roses, artichokes, nylons and broccoli, were considered as the most...