The Minister of Finance, Mauricio Pozo, confirmed that the Board of Directors met yesterday and approved the disbursement.
According to the IMF, the resources will arrive tomorrow and will be destined to reduce the item of arrears in the budget.
Outstanding payments increased from USD 3.656 million in September to 1.614 million in October. Until yesterday, December 21, the Treasury registered USD 2’694.4 million in receivables. Of that amount, 67% corresponds to obligations such as salaries, state maintenance (rent, security, cleaning, etc.) and the rest, to investment expenses.
One of the most important payments in December is that of public sector salaries. Until yesterday, the budget registered USD 987 million in pending payroll payments.
In December, the Executive must pay USD 1.2 billion for salaries and for the thirteenth to officials.
Pozo pointed out that this commitment will be paid on time, with foreign resources and other income.
But the Government also owes the Decentralized Autonomous Governments (GAD) who demand their transfers.
Until November, it was USD 344 million, although the representatives of the GADs do not agree and demand higher amounts.
The Government will have to prioritize resources taking into account that there are sectors that have greater urgency.
Fausto Ortiz, former Minister of Finance, stated that the Treasury will end the year with a floating debt of about USD 2 000 to 2.5 billion, because the Chinese bank credit planned for this year would not enter the budget.
Hanns Soledispa, director of Exponential Research, said that freely available multilateral money will help inject liquidity into the economy this month, since by paying bureaucracy fees and meeting suppliers, debts can be paid, purchases made and activated. consumption.
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