Weekly Report - 03 December 2015 (WR-15-48)

ECUADOR | Austere 2016 budget approved. The national assembly has approved a US$29.8bn budget for 2016 submitted by the government led by President Rafael Correa. The budget is a striking US$6.5bn smaller than this year’s budget (and the smallest since 2012) – a reflection of the heavy impact that the fall in international oil prices is having on state finances.

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