Subsidy for youth contracts will cost 61 million dollars.

Image: El Universo

The cost for the State, in order to implement youth contracts, provided by the Organic Law, will ascent to 61,3 million dollars per year.

This data is registed in a study done by the Ministry of Work. This past February, 23th, the Ecuadorian President, Rafael Correa, set this matter as an important urgent project, and this reform will help to maintain employment to young people. This reform consists in the new Organic Law for the Promotion of Youth Work, Employment Protection and Unemployment Insurance. (I)

Original source in Spanish: http://www.elcomercio.com/actualidad/subsidios-contratos-jovenes-empleos-ecuador.html