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According to the latest data from the Central Bank of Ecuador, the total fiscal revenue of Ecuador in the first half of this year was US$10.
46 billion, of which tax revenue was US$8.
14 billion, accounting for 77.
8%, and oil revenue was US$1.
06 billion, accounting for 10.
2%, a decrease of 10 percentage points
over the same period of the previous year.
Due to the long-term low oil prices and the sharp decline in fiscal revenues, the Ministry of Finance even had to reduce the fiscal budget by 2.
22 billion US dollars in two parts, accounting for 6.
1%
of the total budget.
According to the latest data from the Central Bank of Ecuador, the total fiscal revenue of Ecuador in the first half of this year was US$10.
46 billion, of which tax revenue was US$8.
14 billion, accounting for 77.
8%, and oil revenue was US$1.
06 billion, accounting for 10.
2%, a decrease of 10 percentage points
over the same period of the previous year.
Due to the long-term low oil prices and the sharp decline in fiscal revenues, the Ministry of Finance even had to reduce the fiscal budget by 2.
22 billion US dollars in two parts, accounting for 6.
1%
of the total budget.
