• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
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
Legislators denounce pressure and threats to vote for the removal of the President of the Republic, Guillermo Lasso
Conaie agrees to meet with representatives of all State powers
Ecuador’s oil production falls 51% due to national strike
Guillermo Lasso announces that the National Police and the Armed Forces will act with the necessary means to defend public order and democracy
“Cacerolazo” for Peace in Quito
Contecon will extend the free storage time by 40%, in support of the export sector affected by strikes
76.4% of Ecuadorians consider that the national strike should end after the dialogue, according to Cedatos
BanEcuador will forgive debts of up to USD 3,000 to 9% of its clients

Less fuel and Social Security subsidies in the annual budget

Posted On 10 Aug 2017

Ecuadornews:

 

 

The amount allocated to subsidies in the Pro Forma Budget 2017 is 3.4% lower than that of the previous year. The text arrived at the Legislature on Monday, August 7. The main adjustments to subsidies are for fuels and social security.
58% of the resources the state will allocate this year will for subsidies is to fuels. The state grant will be lower for all derivatives, except for diesel. The explanation is in an increase of the national production of derivatives, due to the repowering of the Esmeraldas Refinery. Meanwhile, the adjustment to the social security segment is tied to a real cut.
The Social Security, for example, will receive USD 122.38 million this year. The figure is even lower than that expected by the agency for this year. The IESS was expected to receive fiscal transfers of USD 270 million this year to cover the payment of housewives’ pensions, rural social insurance and work-related risks. For economic analyst and former director of the IESS Hugo Villacres, a preliminary reading of the subsidy figures, in general, implies that the adjustment goes hand in hand with the fiscal austerity process. (I)

 

Source: http://www.elcomercio.com/actualidad/subsidios-combustibles-seguridad-social-proforma.html

About the Author
  • google-share
Previous Story

Andean tourism is connected to experiences

Next Story

Capaya believes that in Justice is independent in the Government of Moreno

SEARCH

LATEST NEWS

The Government withdraws from the dialogue table after the death of a soldier

Posted On 28 Jun 2022

Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25

Posted On 28 Jun 2022

Legislators denounce pressure and threats to vote for the removal of the President of the Republic, Guillermo Lasso

Posted On 28 Jun 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net