Crude oil steps away from the goal

Image: Expreso

The indicator got very high once again. It’s been just one month and 22 days, but a sketch showing that this year the price of oil again will accommodate far below the expectations set by the Government appears from now.

The 2016 budget was calculated assuming an average income of $ 35 per barrel of oil, but the truth is that in January the price has fluctuated between $ 24 and $ 25, $ 11 below or 30% less. Not to mention the costs of oil extraction and the downward trend from February.

Therefore questions dance in the air: What are the adjustment variables? Which sectors will bear the dead weight? Even more when tax revenues, the most important source of revenues of the state fell again.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8905167&idcat=38269&tipo=2