Connect with us

Hi, what are you looking for?

Ecuador Political News

Dow Jones – Ecuador To Spend $5B On Subsidies In 2012 – Finance Minister

This article discusses the structure of Ecuador’s government budget and how subsidies, much of which would be for fuel, fit into the picture:

For 2012, the government has proposed to the National Assembly a $26.11 billion fiscal budget, a 9% increase over the $23.95 billion plan it submitted for 2011.

Next year’s proposed fiscal budget has a deficit of $4.23 billion, but Rivera said it already has secured financing.

Read More »

Click to comment

You must be logged in to post a comment Login

Leave a Reply


You May Also Like

Chevron Ecuador Blog Posts

1. Steven Donziger Is an Adjudicated Racketeer. The U.S. District...

News & Updates

Disbarred lawyer Steven Donziger likes to present himself to the...

News & Updates

A dishonest campaign is underway to rehabilitate disbarred lawyer Steven...

News & Updates

A Dutch appellate court has rejected Ecuador’s attempt to set...