NewsWhore
05-28-2008, 05:10 PM
The Fernandez administration is using PetroCaribe credit from Venezuela, which should have gone to pay for oil, to expedite the construction of roads. Public Works Minister Freddy Perez told El Caribe that one of the highways that will soon be inaugurated is that linking Tamboril and Santiago. The PetroCaribe agreement signed with Venezuela allows the country to defer payment for 50,000 barrels of petroleum a day, once the price reaches US$52 per barrel. As reported in El Caribe, the government has been handling an average of RD$809.65 million a day in deferred payments. The newspaper reports that figures from the Ministry of Hacienda indicate that as of 23 May the government had received RD$116.59 billion, of which RD$105,87 billion came from internal revenues. The remaining RD$8.45 billion were from foreign sources and of these RD$5.27 billion are said to have come from PetroCaribe.
Tax collections are at a daily average of RD$735.2 million. As of 23 May, with 39.4% of the year gone by, the government had collected 42.41% of revenue estimates. The 2008 budget is for RD$249.61 billion in internal revenues and RD$51.27 billion in loans, for a total budget of RD$300.89 billion. Collections through 23 May had reached 106% of the RD$99.89 billion that was estimated for that period.
The Tax Department (DGII) contributed 68.2% of the revenues, and Customs contributed 21.1%. The National Treasury, which collects taxes on petrol, contributed 10.7%.
More... (http://www.dr1.com/index.html#7)
Tax collections are at a daily average of RD$735.2 million. As of 23 May, with 39.4% of the year gone by, the government had collected 42.41% of revenue estimates. The 2008 budget is for RD$249.61 billion in internal revenues and RD$51.27 billion in loans, for a total budget of RD$300.89 billion. Collections through 23 May had reached 106% of the RD$99.89 billion that was estimated for that period.
The Tax Department (DGII) contributed 68.2% of the revenues, and Customs contributed 21.1%. The National Treasury, which collects taxes on petrol, contributed 10.7%.
More... (http://www.dr1.com/index.html#7)