• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

State purchases fall by $ 4 billion in three years  

Posted On 22 May 2017

 

EcuadorNews:

The slump in works, purchases and contracting of services is recorded between 2013 and 2016. Public procurement continues to be hit by the pressure of public spending.

In 2013 the government invested $ 10,842,826,619,this contrasts with the $ 6,813,681,569 invested in 2016, showing a fall of $ 4,029’145,050.
This 37.1% decrease is verified by examining the figures released by the National Public Procurement Service (Sercop for its Spanish acronym) in its latest report on accountability.
The impact is also seen in the weight on the economy. Public spending in 2013 represented 11.5% of the Gross Domestic Product (GDP) and represented 33.5% of the General State Budget for that year. By contrast, public procurement in 2016 compromised the 6% of GDP and 23% of the State Budet.

 

 

 

Sources: http://www.expreso.ec/actualidad/las-compras-del-estado-caen-en-4-000-millones-en-tres-anos-FN1348869 

About the Author
  • google-share
Previous Story

The Tzantzas and the truth behind them

Next Story

A motivated dairy sector

SEARCH

LATEST NEWS

ecuadortimes-cristian-espinosa-was-appointed-ambassador-of-ecuador-to-the-united-states_cristian-espinosa-fue-nombrado-embajador-de-ecuador-en-estados-unidos

Cristian Espinosa was appointed Ambassador of Ecuador to the United States

Posted On 28 Jun 2024
ecuadortimes-daniel-noboa-receives-the-credentials-of-the-new-united-states-ambassador_daniel-noboa-recibe-las-cartas-credenciales-del-nuevo-embajador-de-estados-unidos

Daniel Noboa receives the credentials of the new United States ambassador

Posted On 27 Jun 2024
40-000-mujeres-recibiran-becas-en-educacion-superior

40,000 women will receive scholarships in higher education

Posted On 26 Jun 2024
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net