NewsWhore
12-05-2006, 06:20 PM
Though revenue was lower than the government had estimated, the hefty increase in government spending is mentioned as the main reason for the present government deficit. Diario Libre points out today that even if revenues had been as expected, a RD$5 billion deficit would have been reported given the free hand in government spending this year, especially due to the congressional and municipal election that took place in May. A report by the Central Bank points out that for the period of January-September the government collected RD$135.43 billion, but it had estimated collections of RD$140.65 billion, accounting for the RD$5 billion deficit. During that same period however, the government spent RD$146.03 billion, a difference of RD$10.6 billion.
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