For the second time this year and in a row, the Ecuadorian Social Security Institute (IESS) collected a record amount, receiving $864.4 million, which is the largest amount registered in the institution so far.

This exceeds an additional $93.6 million (an increase of 12.2%) over what was raised in April 2022, and with $39 million, the collection in March was $825 million, the institution reported.

The figure was highlighted by the president of the IESS board of directors, Alfredo Ortega, who announced on his Twitter: “April 2023 becomes the month with the largest collection of IESS with 864.4 million dollars” and added that during the first quarter of the year, i.e. from January to April, the institution’s coffers received 3,227 million dollars, which is 191 million dollars more (6.3%) than in the same period in 2022.

The increase in collections in April compared to the same month last year was due to contribution income with an increase of $57.9 million and $31.3 million in unsecured loans, among others

The collection of contributions supports IESS’ record collection last March of $825 million

For his part, Diego Salgado, general director of IESS, also highlighted the 6.3% increase in billings in the first four months, where he explained two factors that influenced this increase.

First, that businessmen and producers hire and formalize more and more workers, and that people trust the management of IESS.

The second thing he emphasized was the results of the health system. “There is historical data, for example, large third-level hospitals already reach 90% of drug supply and serve more than 50% of users.”

Meanwhile, the IESS report indicates that billings in the public sector increased by 33 percent in April and by 5 percent in the private sector, equivalent to $78.5 million and an additional $22.1 million compared to the same period in 2022. years.

The institution added that between January and April, the accumulated collection by sector, compared to the same period in 2022, recorded a growth of 191.2 million dollars, in the private and public sectors with 6% and 9%, which amounts to 113.8 million dollars and an additional 88.8 million dollars.