Real Estate obtains $ 78.9 million for sale of goods

Ecuadornews:

The goal of the Public Sector Real Estate Management Service in 2017 was $ 307 million. Resources do not enter directly into the General State Budget. In August 2017 the Government proposed an austerity plan to improve the economic situation and meet financial commitments with national and international agents.

The plan included the sale of state assets, such as luxury cars and one of the two presidential aircraft, by the Real Estate Management Service of the Public Sector (Real Estate). In the first stage, 333 goods were identified -between buildings, land and cars- to offer them.

At that time projected earnings of $ 107 million. In the second stage of the sale of 300 goods, profits for $ 200 million were estimated for the State. Of these $ 307 million expected, only $ 78.9 million have been added to the General State Budget.

In one year, between October 2017 and October 2018, revenues were recorded for $ 78,117,691. In addition, for the sale of 44 high-end vehicles, Real received $ 820,648 in 2018. However, the rest of the process of selling public goods has had problems and the items reached so far are far from those projected two years ago.

The first obstacle is because the resources generated by the sale of seized goods are not counted in the General State Budget (PGE), that is, they can not be invested. By law, the resources generated by the seizures go to an “account payable” until the courts issue an opinion, said Real to EL TELÉGRAFO.

For this concept, between 2017 and 2019 the entity sold 388 assets that generated $ 4,755,774. INFOGRAPHY The Legacy 600 presidential aircraft has not been sold either. Real Estate reported that “there have been questions about presidential aircraft. However, the offers were not finalized to be able to be released for sale “.

The Government acquired that aircraft in December 2008 from the Brazilian company Embraer for $ 30.3 million. In August 2017, President Lenín Moreno ordered his sale because he did not consider it necessary to have a second plane for his transfers.

Additionally, there were reports of excessive use of both ships, the Legacy 600 and the Falcon 7X. Even a draft review of the Comptroller’s Office in December 2018 detected a series of irregularities.

Among them the realization of flights without detail of passengers, nor authorizations of the secretariat of the Presidency; trips to tax havens; and simultaneous displacements of the two planes, as well as Tame and Petroecuador ships.

On this and other goods, Real said that sales have not taken off due to the competitiveness that exists in the market. Therefore, one of the actions of the public institution was to generate several marketing strategies to attract customers to auction the goods.

According to the Executive’s plan presented two years ago, the resources of the sale of goods would be destined to strengthen the Plan House for All. (I)

Source: https://www.eltelegrafo.com.ec/noticias/economia/4/inmobiliar-ingresos-venta-bienes