Lenín Moreno asks for understanding from businessmen and trusts in reducing the debt in 2018

The Ecuadorian president, Lenin Moreno, today requested understanding to the business sector and he hoped to conclude the fiscal period with a deficit of 1,500 million dollars, "totally disposable "and that the debt is reduced in 2018.

Quito, Nov 7 (EFE) .- The Ecuadorian President, Lenin Moreno, today called for understanding of the business sector and hoped to conclude the fiscal period with a deficit of 1.5 billion dollars. dollars, "totally sorteable" and that the debt is reduced in 2018.

This was stated during the presentation of the strategic project of economic reactivation "Ecuador 2030", event sponsored by the Chamber of Industries and Production, with which the productive sector of the country aspires to lay the foundations for the construction of a modern and competitive state, developed technologically and sustainable.

At the inauguration of this conference held today in Quito, Moreno said that "things are beginning to improve" and that in 2018, "we will have a good year. "

" We hope at the end of this period that the fiscal gap will not be more than 1.5 billion dollars, totally foreseeable, that the debt has been reduced "and reiterated its slogan on the need for budgetary adjustments to overcome a state debt of 10 billion dollars in this period.

"We will continue in this attempt to reduce the spending of the State, please acknowledge the effort, "he asked his interlocutors from the business sector.

The head of state accepted some criticisms made by members of the opposition to their measures of budgetary readjustment while maintaining the main taxes.

"I have repeated it more than once, next year we have to pay approximately 10,000 million dollars for concept of debt service, "he said before recognizing that" some measures have been harsh, it is possible that in some of us we were wrong, the Assembly (Parliament) that will be a good space to treat them. "

And he said that despite the reluctance," the important thing is that we are going to agree, it is important that we move forward. "

transmitted to the industrial fabric that despite having "reduced by two billion the budget in relation to the previous year," could not order the reduction of taxes as they maintain some thesis to generate economic growth, which he considered "risky".

He justified that spending on education or health has increased, sectors that he defended as essential "Please, check the budget," he said.

Moreno also had words to refer to the challenges facing the different productive sectors facing the future, in particular with a growing population that in Ecuador will go from the more than 16 million inhabitants today to 20 million in 2030, of which 65% will reside in nuclei urban.

"The illiterate of the future will not be those who do not know, but those who do not know how to unlearn and relearn, change the mentality," he said.

He appealed to the public that works to "change realities just by vibrating on the same frequency" and said that "sometimes the changes are evolutionary and, sometimes, revolutionary".