NewsWhore
05-14-2008, 03:00 PM
The Association of Industries the Dominican Republic (AIRD) is concerned there may be a new "fiscal reform" after Friday's elections. According to their statements in Listin Diario, the industrialists feel that such a move would represent a change in the rules and any added income would be used to plug some of the holes in the government's fiscal policy. AIRD president Manuel Diez Cabral and his vice-president Circe Almanzar were speaking at a breakfast meeting hosted by Listin Diario's economic section. The AIRD representatives insisted that the government needed to focus the subsidies that are currently in force because, otherwise, they are just not sustainable in the long haul. According to their analysis, the government cannot maintain the 35% increase in spending that was registered over the past few months. As AIRD spokespersons, both Diez Cabral and Almanzar called for renewed dialogue between the industrial sector and the government after the election. This proposed dialogue would aim to address the main issues that are stalling the development of a competitive and developing industrial sector.
More... (http://www.dr1.com/index.html#8)
More... (http://www.dr1.com/index.html#8)