The government must pay $ 1,900 million until December 15

Image: El Universo

The government must pay about $ 1900 million within six days for salaries and bonuses in the public sector, that would total $ 1,200 million, in addition to Global 2015 foreign debt bonds (capital and interest), which would amount to $ 682 million.

However, according to data from the Central Bank of Ecuador, there were $ 292.6 million in November 30 and $ 479.3 million in December 4 in the account of the National Treasury.

The comparable figure, that of November, is lower than that of previous years: $ 440 million in November 2014 and $ 915.1 in November 2013. Given these figures, several economic experts believe that the regime itself will be able to make such disbursements, but they differ in the ways to be used by the Government.

According to Alberto Acosta Burneo, director of Weekly Analysis, the government will seek external financing for the payments; Thus, international banks may be interested in lending money to Ecuador especially to avoid a moratorium that could affect the holders.

Translated into English by Pierina Abad
Source: http://www.eluniverso.com/noticias/2015/12/10/nota/5289288/1900-millones-tiene-que-pagar-regimen-hasta-15