President Correa gave an economic speech at the solemn session in Cuenca
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the solemn session by the 195 years of independence of Cuenca, Ecuador’s president, Rafael Correa, changed his usual historical references for detailed numerical explanations.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