The shortage of money in the state coffers falls like a domino piece on the finances of the autonomous governments. Whether by the slump in oil prices, the appreciation of the dollar or other external economic factors, the reality is that the Government maintains, a few days before the end of January, a debt with 23 prefectures that borders $ 175 million. Excluding the Governing Board that governs Galapagos.
According to executive director of the National Council of Provincial Governments of Ecuador (Congope) Edwin Minho (PAIS), the state still owes 90% of the transfers of November, all of December and this month, which should be paid next week or in early February.
The economic reality complicates the management of the prefectures that, as Guayas, will have no alternative but to lag behind in payments to contractors if the situation continues. The debt to the most populous province in the country currently stands at 31 million dollars.