The Impact of Fiscal Policy on Ecuador's Economic Stability

Abstract

This study examines how the fiscal policy implemented in Ecuador in recent years has influenced the country's economic stability. A quantitative and qualitative approach is used to assess the impact of income taxes, VAT and other taxes on GDP growth and other relevant economic indicators. Statistical data is collected and analyzed; it is also essential to conceptually know aspects such as the administration of fiscal policy through the implementation of laws and knowledge of the tax system; whose main functions include increasing income intended for the Ecuadorian State to satisfy the needs of the country, and in this way, provide a comprehensive vision of the relationship between fiscal policy and economic stability in Ecuador during recent years. Finally, to serve as an informative basis, the General State Budget is presented, which shows in advance what must be spent and the income of the institution, with the purpose of knowing if this study that serves as a guide in the development of the country in a financial way than planned; data that served as the basis for exposing the taxes collected during the years 20218 to 2022.