The state government cannot use about 110 million dollars due to delays in the confiscation of assets of illegal origin, which is why the fourth emergency law for savings and monetization of economic resources is necessary to finance the fight against corruption.

The information was presented by the Minister of Economy and Finance, Juan Carlos Vega, during his presentation before the Commission for the Economic and Tax Regime National Assembly, which is analyzing the executive’s proposal and hopes to approve the first report this weekend.

Prosecutor Diana Salazar will appear on the urgent law to finance the fight against corruption

Vega pointed out that, if the law that is being prepared is adopted, there will be a possibility that those 110 million dollars will enter the general budget of the state, and he also pointed out that it is important to strengthen the bodies that monitor and detect illicit activities in Croatia. country, as he said that when this government took office it found the Financial and Economic Analysis Unit (UAFE) disbanded, with few technical capabilities and little technology and with one office in Quito.

Therefore, he said that he must become a strong entity and that at this moment it is essential to identify, investigate and expose money laundering and organized crime operations.

The official, in front of the economic regime table, revealed that, according to the figures of the United Nations, there are close to 1.7 billion dollars in Ecuador corresponding to illegal activities, but that they are blocked because they still depend on legal processes and have not reached the last resort.

By 2024, the official added, about $400 million in real estate has been identified as a result of illegal activities.

The UAFE representative, Gabriel Díaz, recognized that there was an urgent need for technology to carry out their work; while the general coordinator of the organization, Juan Carlos Castillo, said that about 3 million dollars will be needed to invest in the entity..

Castillo said the law being debated by the National Assembly includes new powers, such as that reports on unusual and unjustified operations issued by the UAFE include an assessment of government suppliers.

Nathaly Farinango, President of the Economic Regime Commissionhe emphasized the necessity of approving an urgent project that will contribute to overcoming the fiscal deficit, but also provide technological tools to control entities, such as the State Attorney’s Office.

This Thursday, January 25, is scheduled for the appearance of Chief State Attorney Diana Salazar, who will make statements about the urgent project of the executive branch.