El crecimiento del gasto público y el endeudamiento del Ecuador, período 2008-2017

Abstract:

The fiscal deficit in Ecuador, 2008-2017 period; It is directly related to public spending. The Government of former President Rafael Correa prioritized an expansive fiscal policy, with the purpose of generating equity and social equality at the level of the Ecuadorian territory. However, this aggressive growth in public spending depended to a large extent on the price of oil, which is why; to the extent that the international prices of this product fall, there is a problem of financing of public finances, which led to public indebtedness. In the period 2008-2012 with an oil price above 60 dollars, the fiscal deficit was 2% in 2012, however, as of 2013 with the price of oil going down the fiscal deficit reaches 4.7% in 2017. On the other hand, in the 2009-2017 period, public spending was increasing, despite the drop in oil prices, a situation that caused a higher level of public indebtedness. The level of indebtedness in relation to GDP as of 2013 shows a rapid growth, by 2017 the ratio is 32.5%. The level of indebtedness is worrying as it approaches the limit of 40% established in the Organic Code of Planning and Public Finance. Despite a sharp increase in indebtedness, the financing problem generated a delay and budget cuts by the Central Government to other public sector entities that are part of the General State Budget. The objective of this research was to analyze the level of expenditure and its level of indebtedness in the period 2008 - 2017, and as a state fiscal policy, it affects the economic growth of Ecuador, with it; to be able to present a public policy that improves the sustainability of public finances.

Año de publicación:

2019

Keywords:

• SOSTENIBILIDAD FISCAL
• DEFICIT FISCAL
• Economía
• ENDEUDAMIENTO PÚBLICO

Fuente:

rraae