Enough is enough - AIRD

[NewsWhore]

Yandra Portela is calling for more fiscal responsibility from the government and says that neither the public nor the private sector can handle more taxes. Portela, president of the Dominican Association of Industries (AIRD) said that the government, instead of focusing on fiscal reform to cover its costs, should cut government spending, seeing that this year alone spending has risen by 30%. Portela went on to say that the government needs more austerity when it comes to spending and that the current economic situation doesn't give President Leonel Fernandez the luxury of riding around in high priced SUVs and taking trips. She also said that the Central Bank does not need to have a reform in order to deal with the quasi-fiscal deficit and that the government should take a look at its propane gas subsidy program. She also commented that the government should focus on the energy crisis. Portela also criticized how "Dominicans make laws, and then abandon them," referring to Energy Laws 125-01 and the Monetary and Financial law. Speaking on DR-CAFTA, Portela said that the country's entry into the agreement might be announced during Fernandez's trip to Washington later this month, but commented that many businesses are not prepared for that moment.

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