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BREAKING NEWS
Ecuador will be able to recover from the strike in the second half of 2022
Ecuadorian Amazon loses 379,000 hectares of forest in almost four decades
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
Ecuador asks Mexico for a response on bananas and shrimp
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

The debt reached USD 39 883 million in February 2017

Posted On 21 Mar 2017
At the end of February of this year, the consolidated public debt reached USD 27.62 billion, according to the latest report of the Ministry of Finance published Monday, March 20, 2017.
The debt grew by USD 111 million compared to January of this year and compared to the Gross Domestic Product (GDP), which is equivalent to 27.5%. The concept of “consolidated” has been applied since October of last year and according to the government, it is the appropriate index for measuring the country’s public debt. This index excludes the obligations of the State with public agencies, such as the Institute of Social Security (IESS) or the National Financial Corporation (CFN), among others.

This allowed the Treasury to expand its margin of indebtedness, whose legal limit is the 40% of the GDP. Considering the commitments with other public entities, the aggregate public debt reached 39 883 million in February or 39.6% of the GDP. The figure increased by USD 501 million compared to January this year.

Source: http://www.elcomercio.com/actualidad/deuda-ecuador-millones-bonos-ministeriodefinanzas.html

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