NewsWhore
05-29-2009, 04:10 PM
The government has consistently assured the public that no new taxes would be introduced. Even in light of the recent international financial problems, a possible new agreement with the International Monetary Fund (IMF), reduction in trade and a reduction in tax collections, government officials have downplayed the need for a new fiscal reform. But the back-pedaling might have begun.
Economic, Planning and Development Minister Temistocles Montas says that a fiscal reform (more taxes) needs to be discussed. He argued that almost half of government revenues is going toward subsidies and paying the foreign debt. He spoke during a presentation on labor issues held at the Ministry of Foreign Relations.
According to Montas, the government needs to increase its revenues in order to continue building a strong nation and meet the demands of the population.
Montas did not comment on reducing government spending as a way to ease financial pressures.
The minister, quoted in Hoy, made his comments in specific reference to the 4% of the GDP that, by law, should be assigned to education, but has yet to be assigned. Montas says that all government officials want this to be applied, but complain there is not enough money for this.
In defense of new taxes, Montas commented that Dominicans should be asked if they would rather continue with a weak government or a strong one.
More... (http://www.dr1.com/index.html#2)
Economic, Planning and Development Minister Temistocles Montas says that a fiscal reform (more taxes) needs to be discussed. He argued that almost half of government revenues is going toward subsidies and paying the foreign debt. He spoke during a presentation on labor issues held at the Ministry of Foreign Relations.
According to Montas, the government needs to increase its revenues in order to continue building a strong nation and meet the demands of the population.
Montas did not comment on reducing government spending as a way to ease financial pressures.
The minister, quoted in Hoy, made his comments in specific reference to the 4% of the GDP that, by law, should be assigned to education, but has yet to be assigned. Montas says that all government officials want this to be applied, but complain there is not enough money for this.
In defense of new taxes, Montas commented that Dominicans should be asked if they would rather continue with a weak government or a strong one.
More... (http://www.dr1.com/index.html#2)