NewsWhore
03-01-2010, 01:00 PM
In today's Diario Libre economist Gustavo Volmar comments on what the President left out of his 27 February address. He makes the point that after being in power to make 10 state of the nation speeches on 27 February - it is difficult to make a speech that generates great expectations of change, especially when there are problems, such as that of electricity, that still prevail. Volmar says that in his speech the President made the point that the DR has weathered the international crisis better than other Latin American countries.
He announced a long-term development strategy and new bill for housing. Volmar says that macroeconomic stability has been the country's main achievement, but that the 27 of February address was one that usually includes future prospects and concrete goals, and these were lacking.
Volmar comments that there were no projections of economic growth, inflation, or on the balance of payments. Neither were there any objectives for job creation, nor details on new foreign investments, the tax situation, nor possibility of new taxes. Neither was there any mention of what will be done with the growing domestic public debt, or the Central Bank quasi-fiscal debt, or the capitalization of the Central Bank.
Furthermore, he comments the President omitted to mention the country's external competitiveness, initiatives to open markets, or effects of current trade agreements. He said the fact that he left out a mention of the Dominican Petroleum Refinery, or the support of the Venezuelan government could be significant.
More... (http://www.dr1.com/index.html#3)
He announced a long-term development strategy and new bill for housing. Volmar says that macroeconomic stability has been the country's main achievement, but that the 27 of February address was one that usually includes future prospects and concrete goals, and these were lacking.
Volmar comments that there were no projections of economic growth, inflation, or on the balance of payments. Neither were there any objectives for job creation, nor details on new foreign investments, the tax situation, nor possibility of new taxes. Neither was there any mention of what will be done with the growing domestic public debt, or the Central Bank quasi-fiscal debt, or the capitalization of the Central Bank.
Furthermore, he comments the President omitted to mention the country's external competitiveness, initiatives to open markets, or effects of current trade agreements. He said the fact that he left out a mention of the Dominican Petroleum Refinery, or the support of the Venezuelan government could be significant.
More... (http://www.dr1.com/index.html#3)