Lenín Moreno announces cuts in the public sector for $ 4,000 million

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QUITO (Sputnik) – The President of Ecuador, Lenín Moreno, announced a package of economic measures that includes cuts of $ 4.06 billion in the public sector, to face the economic crisis caused by COVID-19.

“Again we start with the effort of the public sector. We will cut public spending of more than 4,000 million dollars, in salary mass 980 million dollars, in goods and services 480 million, in capital expenditure 1,300 million, in renegotiation of the debt we will save 1,300 million of interests “, said Moreno in a radio and television chain.

More information soon.

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