NewsWhore
09-20-2006, 04:10 PM
Father Jose Luis Aleman, S.J., one of the nation's more famous economists, has suggested that the government reduce public spending to comply with the IMF Stand-by agreement and close out 2006 with zero deficit in the public sector. Aleman, the director of the Economics School at the PUCMM University in Santo Domingo, highlighted the burden the electricity subsidy places on government finances. The subsidy is a major concern for the IMF that has called for an increase in collections for electricity served. Power distribution companies have only been marginally successful in converting low income consumers into paying consumers and reducing theft, and the government has preferred to pick up the tab in the form of a subsidy.
Last month, the president of the Young Entrepreneurs Association, Eduardo Valcarcel, highlighted in an interview in El Caribe on 26 August, that cutting government spending is one of the possible solutions for the country to comply with the IMF agreement. Nevertheless, he lamented at the time: "In the plans of the government to reduce the quasi-fiscal deficit, they have not even contemplated implementing an austerity program in government."
More... (http://www.dr1.com/index.html#4)
Last month, the president of the Young Entrepreneurs Association, Eduardo Valcarcel, highlighted in an interview in El Caribe on 26 August, that cutting government spending is one of the possible solutions for the country to comply with the IMF agreement. Nevertheless, he lamented at the time: "In the plans of the government to reduce the quasi-fiscal deficit, they have not even contemplated implementing an austerity program in government."
More... (http://www.dr1.com/index.html#4)