• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ecuador’s oil production falls 51% due to national strike
Guillermo Lasso announces that the National Police and the Armed Forces will act with the necessary means to defend public order and democracy
“Cacerolazo” for Peace in Quito
Contecon will extend the free storage time by 40%, in support of the export sector affected by strikes
76.4% of Ecuadorians consider that the national strike should end after the dialogue, according to Cedatos
BanEcuador will forgive debts of up to USD 3,000 to 9% of its clients
Leonardo Bohrer-Nicolás Lapentti, a binomial with a sporting past that seeks to win the elections at the Guayaquil Tennis Club
Commercial sector experienced an economic blow on Father’s Day
Ecuador, among the countries that suffer the most from the war in Ukraine
Desperation in prisons is a ‘ticking time bomb’

Tax collection, deposits, and loans rocketed in April 2017

Posted On 12 May 2017

EcuadorNews:

Ecuadorian economy recorded positive figures on April 2017 if compared to the same month of last year in terms of deposits, bank loans, and tax collection. This upward trend would be confirmed by the public expenditure made by the government in March.

According to data from the Fiscal Policy Observatory, the state coffers disbursed of USD 2 455 million in March, a 68% more compared to March 2016.

This is the largest expenditure in the economic history of the country, according to professor Vicente Albornoz, who also specified a greater indebtedness.

“The government hit the accelerator in March, which coincides with the election campaign,” contends Jose Hidalgo, director of the Development Studies Corporation (Cordes for its Spanish acronym).

Only the Central Bank of Ecuador – from February to March – lent to the Ministry of Finance USD 515 million. Thanks to this liquidity spending on investment and consumer goods and services increased, favoring the private sector mostly.

Entrepreneurs from the industrial, commercial and services sectors said that March was a month with greater economic movement, according to the Monthly Survey of Business Opinion, a publication issued by the Central Bank of Ecuador, a study conducted on 1 000 companies. But uncertainty returned in April, during the election campaign.

Sources: http://www.elcomercio.com/actualidad/recuadaciontributaria-depositos-creditos-aumento-abril.html

About the Author
  • google-share
Previous Story

Four companies in the race to dredge access to local ports

Next Story

The reelection of a Wi-fi service

SEARCH

LATEST NEWS

Ecuador's oil production falls 51% due to national strike

Posted On 24 Jun 2022

Guillermo Lasso announces that the National Police and the Armed Forces will act with the necessary means to defend public order and democracy

Posted On 24 Jun 2022

"Cacerolazo" for Peace in Quito

Posted On 23 Jun 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net