“The fiscal deficit is $ 3,400 million”

Image: Expreso

Economic downturns shake all sectors. Even the state tightened several screws in its spending to reduce its deficit. And now that the country must pay a millionaire compensation to the Occidental oil company, finance had another jolt. Finance Minister Fausto Herrera speaks to daily Expreso.

To the deficit of $ 2,500 million, unscheduled $ 900 million owed to Occidental must be added, of which only 100 million were already paid; we are talking about 3,400 million, explains Fausto Herrera.

On $ 970 million granted by the Industrial and Commercial Bank of China, this money has not yet arrived. Therefore, the government is trying to get money from other sources. But he reported that the money would arrive in the coming weeks, on February.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8862742&idcat=38229&tipo=2