NewsWhore
07-31-2006, 03:10 PM
With the windfall of an extra RD$6.7 billion due to the fiscal reform that generated funds to compensate for customs tax reductions under a free trade agreement that never happened (DR-CAFTA), the government has spent 30% over last year's level.
As reported in Hoy newspaper, a report from the Ministry of Finance Division of Analysis and Investigation shows that as of 30 June 2006 the government disbursed RD$82.9 billion, of which only RD$15.4 billion went on capital investments. The government has spent 51.7% of the total budgeted this year, including the extra funds received thanks to DR-CAFTA.
Link To Original Article (http://www.dr1.com/index.html#5)
As reported in Hoy newspaper, a report from the Ministry of Finance Division of Analysis and Investigation shows that as of 30 June 2006 the government disbursed RD$82.9 billion, of which only RD$15.4 billion went on capital investments. The government has spent 51.7% of the total budgeted this year, including the extra funds received thanks to DR-CAFTA.
Link To Original Article (http://www.dr1.com/index.html#5)