RIO DE JANEIRO, BRAZIL - Ecuador's President Lenín Moreno has announced seven new measures to reduce government spending by a total of US$4 billion (R$22 billion). The reduction in investment alone is expected to save US$1.4 billion, and wages and salaries are to be cut by US$980 million.
As a "coronavirus protection measure", working hours in the public sector have been reduced. With six instead of eight hours of work, salaries were cut by between 16.6 and 8.3 percent. Doctors, police officers, and soldiers are excluded. The "shrinking" of the state sector . . .