NewsWhore
04-28-2008, 05:30 PM
The subsidy that the government has decided to grant the nation's bakers in order to keep bread prices down has risen three-fold over the past two months. At first, in February, the subsidy was for RD$350 per 125 pound bag of wheat flour, which has now risen to RD$1,100 per bag. This represents a monthly payout of RD$60 million. Despite the fact that the Ministry of Industry and Commerce has said that it is paying out the subsidy on time, the bakers' association keeps saying that it is not enough. Delays caused by a lack of prompt, up-to-date paperwork have stalled some payments, according to the association.
In a related story, Hoy newspaper reports that the government will disburse RD$35 million in subsidies to 1,500 bakeries that have filed the paperwork needed to access the government largesse. This is in addition to the RD$35 million given to the Bakers' Association for their members.
More... (http://www.dr1.com/index.html#4)
In a related story, Hoy newspaper reports that the government will disburse RD$35 million in subsidies to 1,500 bakeries that have filed the paperwork needed to access the government largesse. This is in addition to the RD$35 million given to the Bakers' Association for their members.
More... (http://www.dr1.com/index.html#4)