NewsWhore
07-25-2011, 01:40 PM
A favorable vote from 125 deputies, 19 votes against and 8 abstentions passed the Executive Branch bill that calls for 12% budget cuts to government institutions. The deputies modified the law to exclude RD$201 million for the Central Electoral Board (JCE) and RD$1.15 billion for city and town governments.
The legislators also included an item that allows the Ministry of Hacienda to make adjustments to the cuts.
The bill needs Senate approval prior to returning to the Presidency for signing into law and publication.
The cuts are aimed at providing RD$12 billion in revenue for the Fernandez administration. This is in addition to a similar tax package recently fast-tracked through the PLD-majority Congress.
More... (http://www.dr1.com/index.html#3)
The legislators also included an item that allows the Ministry of Hacienda to make adjustments to the cuts.
The bill needs Senate approval prior to returning to the Presidency for signing into law and publication.
The cuts are aimed at providing RD$12 billion in revenue for the Fernandez administration. This is in addition to a similar tax package recently fast-tracked through the PLD-majority Congress.
More... (http://www.dr1.com/index.html#3)