Private investment sees government spending far away

Image: Expreso

According to data from the Superintendency of Companies (until September), private corporate investment rose from 577.5 million dollars in 2007 to 1,188 million in 2014. That is, a $ 611 million increase in seven years.

The figure includes the capital increases and the constitutions of companies with domestic and foreign resources. In that division is clear, for example, that the investment for constitutions and direct debits with funding from abroad was low in 2014: 11.6 million dollars. Last year, the amount reached 49.5 million.

At the national level, in September 2014, the constitutions of companies reached 75.5 million dollars. The previous year totaled 39.9 million dollars.

Reports of the National Secretariat of Planning and Development (Senplades) show that the works in strategic sectors and roads were given priority by the state spending.

Employers, however, do not believe that a law is sufficient to attract capital. Henry Yandun, president of the Chamber of the Construction Industry, told to Expreso Daily that the private sector needs stability and not laws such as Inheritance and Capital Gains, temporarily removed.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8336292&idcat=38269&tipo=2