• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Shrimp farmers denounce that insecurity costs USD 100 million to the sector
United States Coast Guard will collaborate with the Navy in the fight against drug trafficking
Two corners of Ecuador in the world ranking of the best towns for tourism
Ecuadorian companies promote IDEA law in favor of Ecuador in Washington
Ecuador incorporates 25,000 hectares of paramo to its protected areas
Former comptroller Pólit ‘helped’ a corrupt businessman get an appointment with Correa
Ecuador still has one of the weakest passports in Latin America
The European Union increases its banana consumption
This is how Quaker oats are made, a product that has been in Ecuador for several decades
Economy in 2024: stagnant, without the ITT and with a mining sector in decline

The government raises fiscal devaluation to help exporters

Posted On 13 Jul 2017

Ecuadornews:

 

 

The government announced it will resort to fiscal devaluation to improve productivity and competitiveness in companies, in order to revive the national economy. According to Finance Minister Carlos de la Torre, this policy will seek to lower production costs for companies to generate employment and foreign exchange for the country.
 
“These innovative measures to be applied in a dollarized economy that operates in a very different way from the conventional economies … All this, with the necessary skills to ensure fiscal sustainability,” De la Torre said.
A fiscal devaluation is a measure that has been taken in countries like Spain, which has no currency of its own. The European country implemented a similar policy in 2014 to deal with its economic crisis and the impossibility of devaluing the euro. (I)

 

Source: http://www.elcomercio.com/actualidad/regimen-devaluacion-fiscal-ministerio-exportaciones.html

About the Author
  • google-share
Previous Story

The ATM will open a file of the agent that disclosed video in social networks

Next Story

Correa accuses Moreno of “shameful appeasement” before Peru

SEARCH

LATEST NEWS

Shrimp farmers denounce that insecurity costs USD 100 million to the sector

Posted On 29 Sep 2023

United States Coast Guard will collaborate with the Navy in the fight against drug trafficking

Posted On 29 Sep 2023

Two corners of Ecuador in the world ranking of the best towns for tourism

Posted On 28 Sep 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net