Public works spending will fall by $ 1 billion in 2018

Ecuadornews:

The government will tighten the belt. In 2018, spending on public works or investment will be reduced by nearly 1,000 million dollars, compared to this year, says Finance Minister Carlos de la Torre.

This fall will be reflected in the 2018 pro forma, the Executive intends to send these days to the Legislature for analysis and approval. In 2017, to 4.49 billion dollars were allocated to works.

To reduce expenses, explained the Minister of Finance, the Government plans to stop investing in public works. (I)

Source: http://www.expreso.ec/economia/economia-gasto-obras-proforma-millones-HJ1803191