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NotiSur PDF file 1995 right arrow Jul

President, Congress Haggle Over Measures to Correct Ecuador's Fiscal Deficit

LADB Article ID: 56014
Category/Department: Ecuador
Date: 1995-07-27
By: LADB Staff

A government decision to impose severe austerity measures in early June to balance the country's soaring fiscal deficit led to massive protests by labor organizations, opposition parties, and even the business community. As a result, President Sixto Duran Ballen's administration suspended the measures and opened negotiations with Congress over alternative proposals to raise more state revenue.

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