Ecuador closed an intense political week with the return of the National Assembly after six months behind closed doors due to crucifixion and the election and assumption of a new transitional legislature. But a week of uncertainty ended after municipalities, prefectures, pensioners, the Association of Government Contractors and other sectors insisted the outgoing government not leave without first paying debts that, in some cases, date back to governments in power since 2017. .
The next Government must pay the Central Bank more than 1,900 million dollars for the loans it gave during the regime of Rafael Correa
Municipalities seek payments of $512 million; The Provincial Autonomous Governments of Ecuador (Congopa) are demanding payment of $563 million; Government suppliers are seeking $10 million in debt. Pensioners marched last week to pressure the regime to pay debts that would exceed $1 billion.
From the ‘Ecuador meeting’ to the crucified death: all the fronts of the political struggle opened by Guillermo Lasso in 900 days of government
The current regime has insisted that more than $1 billion has been paid to the Autonomous Governments of Devolution (GAD), a large percentage of which corresponds to debts accumulated by previous governments. He did not offer an immediate payment, but he made proposals for socializing and discussion that will surely have to be refined or reconsidered with the new authorities that take over from this Thursday with President Daniel Nobo at the helm.
The country risk of Ecuador reaches 2054 points in full transition, the highest since the pandemic
Four of her ministers have already received updated information about these and other debts, about what they will inherit economically: a fiscal deficit that would amount to about 4,000 million dollars by the end of 2023, according to optimistic forecasts, stagnation of oil production, a serious energy crisis that is far from solutions, the constant decline in international reserves, the decline in tax revenues and the payment of the thirteenth salary next December to the public sector. How will these problems be solved and where will the funds come from? Now President-elect Daniel Noboa will be the one to answer. (OR)
Source: Eluniverso
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
