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Ecuador's Original English Language Newspaper

Finance Minister Reports That Fuel a Subsidy Reform Plan is in the Works

Published on December 27, 2023
Facebook Twitter Google+ LinkedIn The Noboa government is considering a targeted fuel subsidy plan that will focus on those who need it most. As Ecuador approaches the end of 2023, a staggering $2.23 billion has been earmarked for subsidies on imported fuels, a financial burden representing almost 1.5% of the country’s Gross Domestic Product (GDP). […]

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