NewsWhore
12-22-2010, 03:40 PM
In its preliminary year's end report, the Central Bank forecasts that growth for 2011 will be between 5.5% and 6%, inflation from 5-6%, given constraints of the US economy, higher petroleum prices in 2011.
The Central Bank mentions the government seeks to raise 12.2% more in taxes in 2011, and foresees its current spending will increase by 4.6%. The government hopes for a 0.8% surplus in the GDP so as to reduce the consolidated deficit and that of the debt as a percentage of GDP, and so that the deficit of the Central Government set at 1.6% of the GDP, less than the present 2.3% in 2010.
Also forecast is an increase in exports of goods, such as ferronickel and gold, with the restart of operations of the Xstrata Nickel (former Falconbridge) and the start of export operations by Barrick Gold in the last quarter of 2011.
www.bancentral.gov.do/noticias/avisos/avisos2010-12-21.pdf (http://www.bancentral.gov.do/noticias/avisos/avisos2010-12-21.pdf)
More... (http://www.dr1.com/index.html#3)
The Central Bank mentions the government seeks to raise 12.2% more in taxes in 2011, and foresees its current spending will increase by 4.6%. The government hopes for a 0.8% surplus in the GDP so as to reduce the consolidated deficit and that of the debt as a percentage of GDP, and so that the deficit of the Central Government set at 1.6% of the GDP, less than the present 2.3% in 2010.
Also forecast is an increase in exports of goods, such as ferronickel and gold, with the restart of operations of the Xstrata Nickel (former Falconbridge) and the start of export operations by Barrick Gold in the last quarter of 2011.
www.bancentral.gov.do/noticias/avisos/avisos2010-12-21.pdf (http://www.bancentral.gov.do/noticias/avisos/avisos2010-12-21.pdf)
More... (http://www.dr1.com/index.html#3)