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Almost half of the rural population lives on less than USD 2.80 a day
The unemployment rate for women increased from 5.7% to 7.4% between 2019 and 2020
In one year, more than 650,000 people lost their jobs; index would recover in four years, according to experts
Information technology (ICT) reduced the digital divide in the country
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If the bill for the Defense of Dollarization in Ecuador is not approved, the next IMF disbursement of $ 450 million would be put on hold

Fiscal devaluation has uncomfortable edges that already annoys

Posted On 14 Jul 2017

Ecuadornews:

 

 

The objective of reducing the employer’s contributions to the social security is to minimize the burden of the exporting companies so that sales abroad are more competitive. If the structure of costs in the export chain falls, so will the prices of its products and, these will be able to have more competitive prices abroad despite the strength of the dollar. But former Finance Minister Fausto Ortiz questions these incentives that bring pressure on tax authorities. As the contributions fall, revenues fall and this, Ortiz forecasts, would lead to more taxes.

Executive Director of the Business Committee Roberto Aspiazu was blunt in questioning that the private sector does not need a “subsidy.” The business guild aims a review of the tax burden borne by companies. Fiscal policy is the most significant stumbling block between the public and private sectors. The first needs more income and the second, to cut costs. (I)

 

Source: http://www.expreso.ec/economia/la-devaluacion-fiscal-tiene-aristas-que-ya-incomodan-XE1547440

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Almost half of the rural population lives on less than USD 2.80 a day

Posted On 04 Mar 2021

The unemployment rate for women increased from 5.7% to 7.4% between 2019 and 2020

Posted On 04 Mar 2021

In one year, more than 650,000 people lost their jobs; index would recover in four years, according to experts

Posted On 04 Mar 2021
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