NewsWhore
12-06-2006, 05:40 PM
The Dominican Republic Industrial Association (AIRD) has expressed its approval for the general tone of President Fernandez's mix of government spending cuts and increased taxes to balance its budget, while reiterating its belief that the government must increase its austerity efforts. According to Listin Diario, the AIRD and the Santiago Chamber of Commerce and Production agree that a lot of thought appeared to have gone into the President's speech. What the AIRD considered lacking was the need to clarify where the resources generated by the new taxes would be spent. The associations also want to see improved prioritization and efficiency in spending. Ricardo Fondeur, the president of the Santiago Chamber of Commerce, said that this was a good time to redefine the sources from which the government is looking to obtain this new money. According to Fondeur, this would guarantee greater stability of the macro-economic issues that President Fernandez emphasized in his speech. Both entities praised the President for respecting the agreements that were reached last year.
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More... (http://www.dr1.com/index.html#3)