NewsWhore
11-30-2009, 03:10 PM
Writing in today's El Caribe, former economic advisor to the Hipolito Mejia government Andres Dauhajre highlights the marked difference between Department of Taxes (DGII) and Central Bank statistics by presenting them side by side:
The Central Bank has announced that in the third quarter of the year the GDP grew 3.4%, and that there has been accumulated growth of the Dominican economy of 2.1%. He points out that this growth has happened at the time the DGII has reported drops in key indicators. These indicators showing declines are:
National exports (34.2%), free zone apparel 27.6%, imports 32.3%, tourism receipts 5.8%, remittances 5.2%, direct foreign investment 41%, total sales registered by the DGII 17%, sales in all sectors taxed by ITBIS 13%, sales in the industrial sector 13.5%, commercial sales 15.3%, real estate sales 25.8%, cement sales 21.2%, steel rod sales 38.1%, rentals taxed by ITBIS 18.8%, financial sector operations taxed by ITBIS 9.2%, vehicle sales 47%, total government revenues, including disbursements of loans 14.8%, capital expenditures 65.2%.
Furthermore, Dauhajre matches DGII and Central Bank stats by sector:
Construction sector decline was 14% (CB) and 25.8% (DGII). Commercial sector 4.4% (CB), 14.3% (DGII), Industrial sector is down 1.3% (CB) but 13.5% (DGII). Transport sector 1.4% (CB), 15.7 (DGII).
Or the Central Bank estimates there has been an increase in housing rentals of 3.3%, but the DGII reports a decline of 18.8%. The CB says that other services grew 6.8%, but the DGII reports a decline of 17.2%. The CB says telecommunications grew 16.7%, but the DGII says it grew 2.8%.
More... (http://www.dr1.com/index.html#7)
The Central Bank has announced that in the third quarter of the year the GDP grew 3.4%, and that there has been accumulated growth of the Dominican economy of 2.1%. He points out that this growth has happened at the time the DGII has reported drops in key indicators. These indicators showing declines are:
National exports (34.2%), free zone apparel 27.6%, imports 32.3%, tourism receipts 5.8%, remittances 5.2%, direct foreign investment 41%, total sales registered by the DGII 17%, sales in all sectors taxed by ITBIS 13%, sales in the industrial sector 13.5%, commercial sales 15.3%, real estate sales 25.8%, cement sales 21.2%, steel rod sales 38.1%, rentals taxed by ITBIS 18.8%, financial sector operations taxed by ITBIS 9.2%, vehicle sales 47%, total government revenues, including disbursements of loans 14.8%, capital expenditures 65.2%.
Furthermore, Dauhajre matches DGII and Central Bank stats by sector:
Construction sector decline was 14% (CB) and 25.8% (DGII). Commercial sector 4.4% (CB), 14.3% (DGII), Industrial sector is down 1.3% (CB) but 13.5% (DGII). Transport sector 1.4% (CB), 15.7 (DGII).
Or the Central Bank estimates there has been an increase in housing rentals of 3.3%, but the DGII reports a decline of 18.8%. The CB says that other services grew 6.8%, but the DGII reports a decline of 17.2%. The CB says telecommunications grew 16.7%, but the DGII says it grew 2.8%.
More... (http://www.dr1.com/index.html#7)