NewsWhore
09-25-2009, 03:10 PM
In what can only be described as an unexpectedly blunt statement, the Minister of Hacienda has said that the International Monetary Fund (IMF) is demanding that the government should increase its spending on infrastructure and the quality of its current expenditures. They are also demanding the reduction of tax incentives because they are considered to be excessive and damaging to the local economy. Hacienda Minister Vicente Bengoa told Hoy newspaper reporter Mayelin Acosta Guzman that the IMF wants the country to readjust public expenditures to spend more on capital expenditures and less on current expenditures. Bengoa said that the IMF was going to disburse US$990 million this year, adding that tax incentives would be reviewed.
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