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The keys to the budget
Posted On 29 Aug 2017
Ecuadornews:
Additions and subtractions. The state budget for the remainder of the year is based on the figures promulgated by the Government of former President Rafael Correa.
That road, according to analysts, is a mistake that will complicate the plans of President Lenin Moreno as revenues are overestimated.
The text, despite the questions, will be discussed today, from 11:00, at the plenary session of the Legislature.
The Economic Commission, which processed the budget report, made six comments to the text. None related to the estimation of expenses and income, but to the social destinations of the funds.
The report also includes a request for a schedule for the payment of debts accumulated by the previous government.
The list of creditors includes, for example, public retirees. According to Minister of Labor Raul Ledesma, they are owed more than one billion dollars.
No other outstanding accounts are mentioned, however. The debt of $ 2.878 billion with the Ecuadorian Institute of Social Security (IESS) and the commitments with private oil companies are not included in the document. (I)
Source: http://www.expreso.ec/
