Energy subsidy grows

[NewsWhore]

Hacienda Minister Vicente Bengoa has announced that during the first nine months of the year the government has given the energy sector RD$18.1 billion in subsidies and is expected to give the sector and additional RD$10 billion for the remainder of the year. Bengoa says the increase in the energy subsidy results from an increase in international fuel prices and other economic pressures. Bengoa says subsidies for free trade zones and the energy and agricultural sectors represent 60% of the government's increase in spending.

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