NewsWhore
05-31-2006, 03:10 PM
The government is facing a major problem: the propane gas subsidy. In June of this year, the budget assigned to this subsidy will have run out, according to Minister of Finance Vicente Bengoa. Bengoa said that the government will have spent RD$2.6 billion on the LPG subsidy. As he was interviewed at the IX Conference of Caribbean and Latin American Customs Officials, Bengoa said that current usage of LPG would require the government to spend RD$5.0 billion in order to maintain the current subsidy. The minister agreed with spokesmen from the Herrera Industrial Association that have suggested that the money be better spent on social programs among the country's poor. Bengoa hinted that the government was looking at a gradual decrease in the subsidy as a solution to the reality of the situation.
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