President Correa gave an economic speech at the solemn session in Cuenca

Image: Expreso

During the solemn session by the 195 years of independence of Cuenca, Ecuador’s president, Rafael Correa, changed his usual historical references for detailed numerical explanations.

With a justification tone, Correa filled his speech with accounts. First, the easiest to communicate: the tram funding, multiplied public investment in Azuay, the list of delivered works and those pending. Then the rest: the works that are suspended “until the economic situation of the country improves” without giving an exact date; the inevitable payment to the OXY oil company, whose more than a billion dollars of compensation “the state will continue to negotiate,” and the economic future in general.

The president’s speech has addressed the crises -a word he refuses to pronounce. “Call it whatever you want,” -he challenged critics- coming clean with the need for “adjustments” in the accounts of the State and reiterating the announcement of a “significantly lower” budget than that of last year. On the deficit, an element that keeps opponents and analysts tense, the president expects a 2.4%, he considers “perfectly fundable,” without giving further details.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8638118&idcat=38269&tipo=2