Customs collections down

[NewsWhore]

The Customs Department (DGA) says that its collections decreased by RD$3 billion during the first three months of the year. DGA Minister Miguel Cocco described it as a "dramatic" decrease and said that it could prove problematic for the nation and the government, as it would lead to liquidity problems. However, Cocco did say that the implementation of the DR-CAFTA agreement meant that collections were expected to decrease by RD$5.5 billion. Cocco also pointed to the decline in tariffs due to January's 30% decrease in imports totaling an estimated RD$1.4 billion and a 20% decrease in February, for an RD$850 million decrease in DGA collections for that month.

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