Ecuador’s 2015 budget is under development

The Finance Minister Fausto Herrera in a EcuadorTV interview, confirmed that the budget of Ecuador in this 2014 is 100% funded and until now they are working to concretise the 2015.

Herrera said that he met with the authorities of the Development Bank of China, in order to specify the negotiations and close the fiscal gap of next year.

The Minister indicated that in 2015 Ecuador will have a high fiscal pressure, because the construction of large strategic projects such as hydroelectrics are being completed. He explained that the deficit of next year would be between $ 4,500 million and $ 5,000 million.