NewsWhore
07-22-2010, 03:30 PM
Clave newspaper makes the point that the review of the fulfillment by the Dominican government of the International Monetary Fund stand by arrangement is on hold. The review was scheduled for 30 June but didn't happen because of the rising fiscal deficit, says the newspaper. Reportedly, the government was authorized a RD$31 billion deficit, but the opposition party PRD sources say the deficit has surpassed RD$76 billion. The other conflict is the electricity subsidy. Reportedly, the government has used up the allotment for the year in its totality. Clave says that the delays in the review means US$80 million less for the Central Bank and subtracts lots of credibility to the government.
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More... (http://www.dr1.com/index.html#3)