The President of the Republic, Guillermo Lasso, evaluated his two years of rule with macroeconomic figures and indicators that show “a good example in managing the economy” and reactivation. “We have come a long way in these two years. And so we will continue in the coming months.

The president will only be in office for another six months because he shortened his mandate by applying death on the cross. This Wednesday, May 24, he delivered his report to the nation and highlighted the achievements of his administration, which is expected to last until May 2025.

During the remaining months of his administration, Lasso is waiting for the Constitutional Court’s decision on his first decree providing for a new tax reform so that the benefits could take effect this month or next June.

“That’s why, with an urgent economic character, we present the “Law for strengthening the family economy” which favors the pockets of 340,000 middle-class families, which represent 99 percent of those who pay income tax, that is, almost everyone,” he repeated.

He quantified that it will be 195 million dollars that will no longer go to the fiscal coffers, but will remain in homes to alleviate the costs of health, education, food and other needs of a million people.

“These are a few economic indicators of my management that are translated and bring more welfare to the citizens. These are measures that now leave more money in their pockets and more peace of mind for their families,” he said.

As for the president, in these two years he achieved his goal of opening Ecuador to the world. And he referred to the commercial contracts in which they worked with a dozen countries. They have already signed with Costa Rica, China, and in these months they hope to finalize the signing with South Korea. “This increase in foreign sales means we have to produce more. More production means more sales, better prices and more income for households”.

He assured that “every day of this administration was aimed at creating jobs.” From the beginning of my government until April 2023, about 500,000 jobs have been created”. He also emphasized that another promise to increase the basic salary by 25 dollars every year has been fulfilled, and currently it is 450 dollars.

And detailed other results:

The president confirmed that legal mining will be supported, which is already the fourth export category and which had 168,000 direct and indirect jobs until March of this year. “This directly affects tax collection. In 2022, this sector paid taxes for 670 million dollars, 92% more than in 2021. Of course, we will always fight against illegal mining, which is a source of corruption, tax evasion and even violence.”