Investment in strategic projects falls by more than 43% with the new Government

The investment budget of the Ministry of Electricity, according to official figures, will have a reduction of 43%. According to Minister of Economy and Finance Carlos de la Torre, the decrease is because the mega-works were already built by the previous administration.

The new government emphasis will be the social sector. Oswaldo Landázuri, an economic analyst, and representative of the motorcycle assembler sector believes that the government’s approach is positive, but he detects inconsistencies.

The Annual Investment Plan is an example. Although the amount is no longer allocated to strategic sectors, spending is higher than that budgeted for 2016. In that year, $ 5.348 billion dollars were estimated. 5,454 million dollars are the estimated expenditure for this year. What will the money be used for? The investment plan prioritizes the Health and Agriculture projects. (I)