• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
The Government withdraws from the dialogue table after the death of a soldier
Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25
Legislators denounce pressure and threats to vote for the removal of the President of the Republic, Guillermo Lasso
Conaie agrees to meet with representatives of all State powers
Ecuador’s oil production falls 51% due to national strike
Guillermo Lasso announces that the National Police and the Armed Forces will act with the necessary means to defend public order and democracy
“Cacerolazo” for Peace in Quito
Contecon will extend the free storage time by 40%, in support of the export sector affected by strikes
76.4% of Ecuadorians consider that the national strike should end after the dialogue, according to Cedatos
BanEcuador will forgive debts of up to USD 3,000 to 9% of its clients

Ecuador closes 2015 with more debt

Posted On 17 Nov 2015

 

image: Expreso

image: Expreso

The year is ending and there are still bills pending. The Government, according to its estimates, will end 2015 with a debt of around 34,000 million dollars. A constitutional limit of 6,000 million.

 

Until September, according to a report of the Secretariat of Public Funding of the Ministry of Finance, the state debt reached 32,430 million. This amount will decrease by 650 million next month, when 2015 bonds are paid.

 

According to Finance Minister Fausto Herrera, the payment of the bonds issued -something that Ecuador has never fulfilled- is a strategy to reduce the country risk. Until November 11, this indicator reached 1,179 points. A number that is not attractive for foreign investors.

 

With the offered payment, the number of pendings will be -if there are no other variations-  31,780 million.

 

The reduction, however, will be momentary. Minister Herrera announced that nearly 2,000 million, contracted with China and other creditors, will arrive later this month. The total debt is, $ 33,780 million.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8671485&idcat=38229&tipo=2

About the Author
  • google-share
Previous Story

A panellist for the debate of amendments

Next Story

Victory over Venezuela places Ecuador first in qualifying stage for Russia 2018

SEARCH

LATEST NEWS

The Government withdraws from the dialogue table after the death of a soldier

Posted On 28 Jun 2022

Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25

Posted On 28 Jun 2022

Legislators denounce pressure and threats to vote for the removal of the President of the Republic, Guillermo Lasso

Posted On 28 Jun 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net