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Tuesday, June 6, 2017

Changes in Ecuador since Lenin Moreno sworn in as Ecuador President on May 24th 2017.

Change #1: Ecuadorian consumers should see lower prices on most purchases beginning on June 1st, 2017, as the value added tax (VAT) drops from 14% to 12%.  More savings, although not necessarily immediate, will come from the elimination of import surcharges imposed by the government two years ago. The surcharges ended at midnight on June 1.
The drop in the VAT and the end of surcharges were campaign promises of new president, Lenin Moreno. Ex-President Rafael Correa said in April that the VAT and surcharges might be extended due to ongoing demands of earthquake reconstruction and the strength of the U.S. dollar. Moreno disagreed.
cuencahighlife.com_ecuadors-value-added-tax-drops-tomorrow

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Change #2: The Government closed six ministries and reorganizes its sectoral structure. Adios, goodbye, adieu to Secretaría del Buen Vivir (Secretariat of Good Life).
elcomercio.com_gobierno-cierre-ministerios-reorganizacion-lenin_moreno

Change #3: From January 2007 to May 2017, every Saturday morning, then president of Ecuador Rafael Correa broadcasted his Citizens Outreach (Enlace Ciudadano in Spanish) program. It was a nationally televised town hall style meeting where the president visited a different location in the country to remark on the government’s dealings over the past week and address  the opposition. Broadcast over 54 channels and radio stations, President Correa has conducted a total of 523 Citizens Outreach during 10 years of his presidency.
The President said on June 2016, that "Citizens Outreach, including transportation, equipment, screen, however, cost about 30 000 dollars". 
523 programs multiplied by $30 000 = $15 690 000. 
The new President of Ecuador, Lenín Moreno, said in his inauguration speech that he will not continue Citizens Outreach programs.
elcomercio.com_lenin_moreno-discurso-posesion-eliminara-enlacesemanal


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