• General Price

    June 16, 2015

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    Posted in: General

    Those who try to separate politics from morality, not never understand two. English proverb General information and opinions is almost over a year and unfortunately in recent months raised facts that have been decisive in the life economic, political, social, the country which obliges to take measures that give step to programmes, actions that guarantee a behavior can be handled without harming the actions that the Government has proposed in the next year, many of them criticized by expert economists. The interest of the writing is to express some views that are very important to determine that expected next year according to loas informations that are handled there is no doubt the country as outlines it banking and business signature consultant Aristimuno Herrera & partners, today more than ever we depend on oil revenues (94% of total exports) and to begin the stirrings of the fall of the oil prices worldwide, we’re seeing that our income by this concept will go into a tailspin to position themselves to a more rational international price for global consumption. Consequently, a national budget estimating an oil barrel to US $60 is almost impossible in current circumstances and distortions that will force to reduce the public expenditure of the Government and relevant adjustments with a view to rely on the need to get other sources of financing of the budget on base to increase taxes, re-edit the banking debit and go to an expected devaluation will be presented between 25% to 30% on the official current dollar, among other measures. Distinguished Economist, Dr. Maza Zavala contributes us a declaration which should be paid much attention by its scope, so it represents for the country, which if it keeps the price of oil to $48 or one similar for us will be the catastrophe, even at $60 is not sustainable economy, because if the Government there is a readjustment of imports every year import 50 billion dollars, in that price does not cover imports, moreover there is need of servicing external debt that are 10 or 12 billion dollars, said economist Domingo Maza Zavala.

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