Back

LatinNews Daily - 03 July 2020

In brief: Another setback for Ecuador’s emergency fiscal bill

* Ecuador’s national assembly has voted to reject an amended version of the ‘public finances law’ put forward by President Lenín Moreno. The bill, intended to tackle Ecuador’s fiscal crisis by imposing restrictions on public spending, was initially tabled by Moreno back on 10 April, but has been passed back and forth between the legislature and the executive for months. The latest version presented by Moreno was approved by the assembly’s economic regime commission, but has been rejected by the legislature as a whole, by 52 votes to 47, with 31 abstentions. Because the assembly approved a version of the bill back in May, Moreno will be able to force through his own amended version without legislative approval on 15 July; however, the bill will likely then face an unconstitutionality complaint.

End of preview - This article contains approximately 130 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.