Legislators make pledge

[NewsWhore]

Dominican legislators have come out saying they will not support any fiscal reform, or tax increase, as a result of stipulations presented by the Letter of Intent for the Stand-by Arrangement in the works between the DR and the International Monetary Fund (IMF). During yesterday's legislative sessions PRD member Jose Leonel Cabrera said that no new loans should be approved unless they were from the IMF or the World Bank. Concerns about a possible tax increase have been looming since the government admitted to having a large budget deficit, which it wouldn't be able to cover. Talks on restructuring the budget have been announced, but calls for government to tighten its belt have fallen on deaf ears.

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