NewsWhore
10-30-2009, 02:50 PM
The Chamber of Deputies declared the measure urgent and approved the proposal that modifies the Law of Expenditures increasing the 2010 national budget from RD$328.9 billion to RD$337.1 billion. Of the amount, RD$6.32 billion will go to cover financial applications referred from the 2008 debt, above all, to the electricity sector. The full body of the Chamber of Deputies accepted the report that favored approval as presented by the head of the Budget Commission, Jose Cabrera, who asked for the legislation to be treated with urgency. The report said that US$137 million would be used for the electricity sector for the rest of the year.
The budget modification implies an increase of RD$8.088 billion of which RD$5.0 billion will go to the State-owned Electricity Companies (CDEEE) and RD$640 million to the Dominican Social Security Institute, since the institution had not fulfilled its plan to become a Health Management Organization.
Furthermore, RD$247 million are destined for SENASA, the state health insurance plan, and RD$234 million will go to the "Comer es Primero" (Food comes first) program. There is RD$200 million for the Essential Drugs Program (Promese) and for the Preventive Police there is RD$47.8 million along with other allocations. Cabrera said that the government's objective in its negotiations towards a Stand-by Arrangement with the International Monetary Fund (IMF) was to unblock the disbursements and obtain fresh resources from multilateral financial organizations that will allow the government to compensate for the reduction in fiscal income.
More... (http://www.dr1.com/index.html#2)
The budget modification implies an increase of RD$8.088 billion of which RD$5.0 billion will go to the State-owned Electricity Companies (CDEEE) and RD$640 million to the Dominican Social Security Institute, since the institution had not fulfilled its plan to become a Health Management Organization.
Furthermore, RD$247 million are destined for SENASA, the state health insurance plan, and RD$234 million will go to the "Comer es Primero" (Food comes first) program. There is RD$200 million for the Essential Drugs Program (Promese) and for the Preventive Police there is RD$47.8 million along with other allocations. Cabrera said that the government's objective in its negotiations towards a Stand-by Arrangement with the International Monetary Fund (IMF) was to unblock the disbursements and obtain fresh resources from multilateral financial organizations that will allow the government to compensate for the reduction in fiscal income.
More... (http://www.dr1.com/index.html#2)