NewsWhore
08-31-2009, 04:00 PM
The financing of the public debt is leaving its mark on the national budget. During the first half of the year, the impact of financing the debt had a negative effect on the budget due to the fact that the government spent more on debt payments and interest payments than it received in loan disbursements. The result was a RD$10.9 billion deficit.
Between debt payments and interest payments the government spent RD$31.3 billion, equal to 23% of the total amount destined for expenditures and financial applications during the first half of the year.
According to numbers from the Budget Department (Digepres), the government received financing for RD$10.46 billion and paid debts and interest for RD$21.31 billion. The financial applications for the January-June period were RD$26.72 billion, nearly a quarter of the total expenditures. This elevated amount of the budget spent shows just how tied the public finances are to the debts.
During the first half of the year, the government spent a little over RD$14 billion on subsidies. There was RD$9.57 billion spent on the subsidies for the poor, transportation and electricity. Another RD$4.5 billion was sent to subsidize the different municipalities. About one third of the capital expenditures (RD$3.91 billion) was spent by the Ministry of Public Works.
More... (http://www.dr1.com/index.html#4)
Between debt payments and interest payments the government spent RD$31.3 billion, equal to 23% of the total amount destined for expenditures and financial applications during the first half of the year.
According to numbers from the Budget Department (Digepres), the government received financing for RD$10.46 billion and paid debts and interest for RD$21.31 billion. The financial applications for the January-June period were RD$26.72 billion, nearly a quarter of the total expenditures. This elevated amount of the budget spent shows just how tied the public finances are to the debts.
During the first half of the year, the government spent a little over RD$14 billion on subsidies. There was RD$9.57 billion spent on the subsidies for the poor, transportation and electricity. Another RD$4.5 billion was sent to subsidize the different municipalities. About one third of the capital expenditures (RD$3.91 billion) was spent by the Ministry of Public Works.
More... (http://www.dr1.com/index.html#4)