Economic Growth and Evolution of Public Finances in Ecuador: 2008-2020
This article addresses the evolution of economic growth in Ecuador since 2008, as a result of the first tax reform by the government of former President Rafael Correa. Subsequently, in less than a decade, 22 tax reforms were launched, therefore it is important to review the definitive impact that th...
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| 格式: | article |
| 語言: | spa |
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2021
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| 在線閱讀: | https://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/974 |
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添加標簽 | 總結: | This article addresses the evolution of economic growth in Ecuador since 2008, as a result of the first tax reform by the government of former President Rafael Correa. Subsequently, in less than a decade, 22 tax reforms were launched, therefore it is important to review the definitive impact that these Tax Reforms have had on tax collection, as well as on the increase in public spending at the national level. It is observed that as a result of the implementation of this expansive fiscal policy, the Ecuadorian economy experienced economic growth, evidencing the dependence of spending on the country's oil revenues. As such, when these had a fall, they caused a serious effect on public finances, because the country had not diversified its sources of income, based on new forms of tax collection that were more efficient and durable in the long term. |
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