After taking office, this Thursday, November 23, 2023, the President of the Republic, Daniel Noboa, plans to declare a state of emergency in the country and, in addition, to send two urgent economic bills to the National Assembly, which will be processed within a period of 30 days.

Members of the government bench represented in the National Democratic Action (ADN) Valentina Centeno and Jonathan Parra They confirmed that the president will immediately send two urgent projects, one to mitigate the electricity threat and the other to deal with the fiscal deficit through tax reform.

The initiatives would reach Parliament next Tuesday, November 28, 2023.

Article 140 of the Constitution of the Republic allows the President of the Republic to send two draft laws to the National Assembly for processing at the same time, only if he first declares a state of emergency in the country.

At the bench level, this week the content of two projects will be presented that will enter the process of socialization with other political sectors of the State Assembly.

The president will announce the extent of the two urgent projects and the reasons for the state of emergency due to the economic crisis the country is facing, the consequences that could be caused to Ecuador by the arrival of the El Niño phenomenon and the wave of uncertainty affecting Ecuadorian productivity.

Rep. Parra said the two proposals would address a fiscal deficit of up to $10,000 million that could affect the provision of health and education services.

As for the energy reform, the issue of self-production of energy will be proposed as a solution to the power crisis affecting production in the country, because by not taking preventive measures there is already a gap of 1000 million dollars, explained Parra.

As for the tax reform, it will be in line with what was announced in the election campaign, it is not a populist proposal, “it is not that you are a millionaire so we can put our hand in your pocket or that if you have two cows we will take one from you, this is a victory.” a win between the employer and the worker,” he explained.

The representative of Guayas for the Government sector indicated that in the meantime the tax reform will include tax breaks for the business sector with the condition that at the end of the year employment of two defined age groups is proven: young people between 18 and 35 years of age, who in the country have about 600,000 people who unable to find a job due to lack of experience; and adults over 50, who also do not have a workplace due to their age.

According to Parra, the tax reform will stimulate an increase in employment, and at the same time it will stimulate investments.

Parra explained that the tax reform does not create new taxes, because the country is suffocated by taxes, and President Daniel Noboa’s line is “zero taxes”, what is wanted is the implementation of a win-win policy, because there is no need to put more taxes on the employer, but to create incentives by creating new jobs.

Valentina Centeno, coordinator of the ADN bench, said that these proposals had already been prepared in the past weeks.

The one related to energy reforms will be processed in Commission for Economic Developmentwhich she chairs, and which consists of four delegates from the official party, three from the Civil Revolution, one from the PSC and one from the Avanza party.

The tax reform will be processed by Commission for economic and tax regimechaired by its co-leader Nathaly Farinango, in which the Government has four delegates, three from the Civil Revolution movement, one from the PSC and one from the Gente Buena sector.