NewsWhore
06-01-2011, 04:40 PM
With the new taxation plan sent to Congress, the Fernandez administration seeks to secure an extra RD$9.4 billion to offset declines in tax revenues so far this year. Economy, Planning and Development Minister Temistocles Montas said the IMF has demanded a reduction in the government deficit. He added that the funds would compensate for the increase in the government subsidy from a budgeted US$350 million to US$750 million.
As reported in El Dia, he denied that the government wanted to damage Danilo Medina's aspirations. He said the budget for next year will not be presented until 31 October. Medina has been a Fernandez-dissident since he challenged Fernandez for the PLD party presidential nomination in 2008.
Montas responded to opposition demands that the government should reduce spending by saying that to do so they would have to fire policemen, teachers and doctors, where most of the payroll goes. He did not address demands for austerity on the part of government officials, as reported in El Dia..
He said that under the PLD administration spending on payroll totals 4% of the GDP, compared to 6% during the previous PRD administration. But as reported in El Dia, Carlos Gabriel Garcia, a PRD deputy, said that at the end of the PRD government in 2004, the payroll was at RD$29 billion, while now it stands at more than RD$74 billion.
More... (http://www.dr1.com/index.html#2)
As reported in El Dia, he denied that the government wanted to damage Danilo Medina's aspirations. He said the budget for next year will not be presented until 31 October. Medina has been a Fernandez-dissident since he challenged Fernandez for the PLD party presidential nomination in 2008.
Montas responded to opposition demands that the government should reduce spending by saying that to do so they would have to fire policemen, teachers and doctors, where most of the payroll goes. He did not address demands for austerity on the part of government officials, as reported in El Dia..
He said that under the PLD administration spending on payroll totals 4% of the GDP, compared to 6% during the previous PRD administration. But as reported in El Dia, Carlos Gabriel Garcia, a PRD deputy, said that at the end of the PRD government in 2004, the payroll was at RD$29 billion, while now it stands at more than RD$74 billion.
More... (http://www.dr1.com/index.html#2)