NewsWhore
08-03-2009, 05:30 PM
The president of the Association of Industries of Herrera, Manuel Cabrera speculates that the government has chosen not to sign a monitoring agreement with the International Monetary Fund to keep a free hand in spending into the May 2010 congressional and municipal election. Cabrera says that the government is a vote-generating machine, which is harmful to the economy.
Cabrera urged President Leonel Fernandez to face corruption and restrict spending, especially on the payroll. He said that there are already 600,000 jobs in government, which would be adequate for a country with 35 million inhabitants. There are 10 million people in the DR.
As reported in Hoy, he said businesses have had to restrict their operations to adjust to the present financial difficulties, but government has not felt the need to do so. He criticized the widespread impunity in government.
Cabrera also refuted statements from the government that it benefits business with RD$104 billion in tax exemptions, and that these should be the first to go in order to adjust the government budget. He said that 76% of the tax exemptions directly benefit consumers. He said another 13%, or RD$13.6 billion, are granted through business incentive laws covering tourism, free zones, among other sectors and are intended to create jobs. Furthermore he said that another 10% or RD$10.5 billion, is administered by Customs.
More... (http://www.dr1.com/index.html#6)
Cabrera urged President Leonel Fernandez to face corruption and restrict spending, especially on the payroll. He said that there are already 600,000 jobs in government, which would be adequate for a country with 35 million inhabitants. There are 10 million people in the DR.
As reported in Hoy, he said businesses have had to restrict their operations to adjust to the present financial difficulties, but government has not felt the need to do so. He criticized the widespread impunity in government.
Cabrera also refuted statements from the government that it benefits business with RD$104 billion in tax exemptions, and that these should be the first to go in order to adjust the government budget. He said that 76% of the tax exemptions directly benefit consumers. He said another 13%, or RD$13.6 billion, are granted through business incentive laws covering tourism, free zones, among other sectors and are intended to create jobs. Furthermore he said that another 10% or RD$10.5 billion, is administered by Customs.
More... (http://www.dr1.com/index.html#6)