• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Shrimp farmers denounce that insecurity costs USD 100 million to the sector
United States Coast Guard will collaborate with the Navy in the fight against drug trafficking
Two corners of Ecuador in the world ranking of the best towns for tourism
Ecuadorian companies promote IDEA law in favor of Ecuador in Washington
Ecuador incorporates 25,000 hectares of paramo to its protected areas
Former comptroller Pólit ‘helped’ a corrupt businessman get an appointment with Correa
Ecuador still has one of the weakest passports in Latin America
The European Union increases its banana consumption
This is how Quaker oats are made, a product that has been in Ecuador for several decades
Economy in 2024: stagnant, without the ITT and with a mining sector in decline

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

Posted On 09 Aug 2017

Ecuadornews:

 

 

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)

 

Source: http://www.expreso.ec/economia/inversiones-obras-economia-finanzas-BF1610773

About the Author
  • google-share
Previous Story

Tomislav Topic handed over USD 2.5 million to the Prosecutor’s Office as ‘evidence.’

Next Story

Lenin Moreno apologized for the public policies of the administration of Rafael Correa

SEARCH

LATEST NEWS

Shrimp farmers denounce that insecurity costs USD 100 million to the sector

Posted On 29 Sep 2023

United States Coast Guard will collaborate with the Navy in the fight against drug trafficking

Posted On 29 Sep 2023

Two corners of Ecuador in the world ranking of the best towns for tourism

Posted On 28 Sep 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net