NewsWhore
12-10-2009, 04:50 PM
Economy, Planning and Development Minister Temistocles Montas has once again come out in defense of the debt being taken on by the government, justifying it in the context of the international financial crisis.
He added that the private business sector has seen a paralysis on a global level and government needed to take steps to stimulate the economy. About 30.3% of the 2010 budget is made up of loans, an estimated RD$115 billion, out of an RD$378.9 billion budget.
Montas made his comments in response to a paid advertisement by the opposition PRD party that criticized debt-taking by the Fernandez administration.
More... (http://www.dr1.com/index.html#5)
He added that the private business sector has seen a paralysis on a global level and government needed to take steps to stimulate the economy. About 30.3% of the 2010 budget is made up of loans, an estimated RD$115 billion, out of an RD$378.9 billion budget.
Montas made his comments in response to a paid advertisement by the opposition PRD party that criticized debt-taking by the Fernandez administration.
More... (http://www.dr1.com/index.html#5)