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BREAKING NEWS
Ecuador will be able to recover from the strike in the second half of 2022
Ecuadorian Amazon loses 379,000 hectares of forest in almost four decades
Extra and eco gasoline prices at $2.40 and diesel at $1.75 are already in force in Ecuador
Ministry of Agriculture began the delivery of seeds, inputs and subsidized fertilizers up to 70%
Guillermo Lasso: ‘Now together we begin the task of transforming this peace into progress, well-being and opportunities for all’
Government and Conaie agree to end the strike after a tense morning
Ecuador asks Mexico for a response on bananas and shrimp
Losses in the non-oil export sector amount to $85 million in 16 days of strike
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

Lasso and Moreno offer to maintain and increase the Bonus for Human Development

Posted On 20 Mar 2017
 
One of the major expenses that must be assumed by the Treasury every year is the subsidies. For the 2016 Budget – which is the same for this year until the new President is inaugurated, in May – USD 3 193 million will be needed for 16 subsidies. The amount represents 3.1% of the Gross Domestic Product (GDP). A major outflow in this category is intended for petroleum derivates. Ecuadorians only pay part of what fuels actually cost and the state covers the difference.

 

The official price of domestic gas, for example, is USD 1.6, although it actually costs USD 12, according to the prices available on the Petroecuador website. The fall in oil prices in recent years has reduced fuel prices and, consequently, also reduced the expense of the Treasury destined for this purpose. Last year, the Treasury budgeted USD 1 888 million for subsidies to oil products, but it only spent USD 627 million, according to data of the Central Bank.

Fuente: http://www.elcomercio.com/actualidad/guillermolasso-leninmoreno-propuesta-ecuador-subsidios.html

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LATEST NEWS

Ecuador will be able to recover from the strike in the second half of 2022

Posted On 04 Jul 2022

Ecuadorian Amazon loses 379,000 hectares of forest in almost four decades

Posted On 04 Jul 2022

Extra and eco gasoline prices at $2.40 and diesel at $1.75 are already in force in Ecuador

Posted On 01 Jul 2022
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