EC’s Road to Recovery: Tax the Rich, Eliminate Government Agencies

Rafael Correa declared that Ecuador is “on the road to a strong recovery” in his final annual address to the nation.  He is not running for re-election and will leave the presidency after ten years in April 2017.

To aid in coastal recovery, El Supremo announced that he will eliminate half a dozen government agencies* and combine their work into other existing agencies.

He said he will re-introduce bills for new taxes on inheritances and capital gains.  He said these will mostly affect the rich and barely impact on “vulnerable” individuals.

El Presidente also said he remains committed to selling the national airline, TAME, and the new electricity-generation plant near Cuenca.

*The agencies he plans to eliminate:

  -- Instituto Nacional de Idiomas (languages)

  -- Conocimiento y Saberes Ancestrales (ancestral knowledge)

  -- Secretaria Técnica de Alianzas Público Privadas

  -- Secretaria Técnica de Regulación de Poder de Mercados
       (power of markets)

  -- Secretaria de Economía Popular

  -- and the port of Manta agency


  -- cccmedia in Quito

Would work in the USA.

What does "final annual address" mean?
Is he not addressing anything else until he gives the Presidency to the elected candidate?

cacahuate :

What does "final annual address" mean?
Is he not addressing anything else until he gives the Presidency to the elected candidate?

Just as the President of the United States famously gives a State of the Nation address each January, Rafael Correa has been delivering a comprehensive annual address in Ecuador for years.

Since El Presidente is leaving office next April (2017), the recent annual address is the final one of his ten years in office.  In the U.S., Barack Obama -- also completing his term in early 2017 -- presented his final State of the Nation address in January.

We can expect El Supremo to continue with his weekly radio-broadcasts to the Ecuadorian people on Saturdays for the next ten months or so.

cccmedia in Quito

Who are the candidates?

Discussion of politics per se is still considered off-limits for this forum by the Home Office.

I expect that English-language site will be covering developments leading up to the 2017 presidential election, including announcements of who is running and their platforms.

cccmedia in Quito

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