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Extra and eco gasoline prices at $2.40 and diesel at $1.75 are already in force in Ecuador
Ministry of Agriculture began the delivery of seeds, inputs and subsidized fertilizers up to 70%
Guillermo Lasso: ‘Now together we begin the task of transforming this peace into progress, well-being and opportunities for all’
Government and Conaie agree to end the strike after a tense morning
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Losses in the non-oil export sector amount to $85 million in 16 days of strike
The Government withdraws from the dialogue table after the death of a soldier
Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25
Legislators denounce pressure and threats to vote for the removal of the President of the Republic, Guillermo Lasso
Conaie agrees to meet with representatives of all State powers

Revenues and expenditures are not going at the same pace

Posted On 08 Oct 2015
Image: Expreso

Image: Expreso

The members of the Commission of Economic Regime of the Assembly expected, since July, that Finance Minister Fausto Herrera explains the economy scenario of this year. Instead, the officer sent a 432 pages report with all the information on revenues and expenditure of the government and some raise concern.

The 2015 budget has a huge hole in the item of oil revenues. According to the document, released in social networks by the independent Assemblyman Ramiro Aguilar, in the first half of this year 1,120 million dollars entered for effective oil resources (rate of sovereignty, taxation and export of derivatives). In the same period of 2014, the figure was 2.418 million. That is, 1,298 million dollars more.

Speaking of oil exports, the figure was even lower. In the six months of 2015, oil sales totaled 3.163 million. In the same period of last year the number exceeded 6.327 million. 3,164 million more.

 

Sources: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8504674&idcat=38229&tipo=2

 

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