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Ecuador’s government proposes US$31.5 billion budget for 2023, sees lower fiscal deficit

Ecuador's government foresees a fiscal deficit of US$2.6 billion for 2023, lower than initially forecast for this year, and higher economic growth in the same period as part of the draft budget it sent to the Legislature, the Economy and Finance Ministry said Monday.

President Guillermo Lasso, a conservative former banker, foresees a budget of US$31.5 billion next year. In 2022, the government put forward a spending plan of . . .

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