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Crude oil prices, higher collection and credit leveraged lower deficit in 2021

Greater oil resources due to the price increase; Increase in tax collection due to economic reactivation and financing from multilaterals are the pillars on which the Ecuadorian economy settled in 2021, and which would allow it to close the Government with a deficit of less than 4% (less than the one calculated which was of 4.8%), and which represents a positive figure if it is remembered that in 2020 the deficit was 7%. Despite the problems that were generated in the last month with the stoppage of oil pumping due to regressive erosion, and the lack of the last disbursement of the year by the IMF ($ 700 million), the Government says it closes the year with a position more comfortable liquidity that allowed him to avoid arrears. Fountain: The universe.

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