Falling oil prices strongly affect the State accounts. The latest report of the Central the Bank evidences losses by 2,096 million dollars.
Ecuador’s total exports reached 6.423 million dollars between January and April this year; 24.6% less to what was sold in the same period of 2014.
Fausto Herrera, finance minister, explained that the setback in the oil prices forced a reconsideration of income and expenses planning.
Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8091192&idcat=38269&tipo=2
