Ecuador's National Assembly approves $29.8 bln budget for 2016

Reuters
0

QUITO, Nov 24 (Reuters) - Ecuador's National Assembly on Tuesday approved the 2016 budget without making any changes to the $29.835 billion proposal put forward by Rafael Correa's government.

The OPEC nation's budget predicts economic growth will be 1 percent next year while the deficit will be 2.4 percent of GDP.

It also takes into account a projected drop in oil income and tax revenue.

(Reporting by Alexandra Valencia; Editing by Sandra Maler)

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