NewsWhore
08-17-2011, 04:10 PM
Two eminent economists have agreed that the existence of adverse international conditions will oblige the government headed by Leonel Fernandez to concentrate on maintaining macro-economic stability during his last year in office. Miguel Ceara Hatton and Isidoro Santana talked with Hoy reporter Ubaldo Guzman about the economic future of the Dominican Republic. Ceara Hatton said that the main challenge for the country is to maintain the stability in the face of such adverse international conditions. A second challenge is the fact that institutionalism, in his opinion, has not made any important advances and in the third place there is the looming possibility of an international recession. He added that the country's indebtedness is a serious factor for the government because the same macro-economic stability, the economic growth and the subsidies are all being paid for through indebtedness. This means that next year more money will be needed just to pay the interest on all of the loans.
Isidoro Santana was in agreement that maintaining the macro-economic stability was the one thing that the Fernandez administration has to do this last year in office. He noted that while there is a risk of another international crisis, the local economic scene was also quite complicated. He noted that the public had a lot of expectations but the government has not met them so far. He said that any success that the government has enjoyed has come at the cost of more debt. He also noted that election time is always a period of expanded public expenditures.
More... (http://www.dr1.com/index.html#6)
Isidoro Santana was in agreement that maintaining the macro-economic stability was the one thing that the Fernandez administration has to do this last year in office. He noted that while there is a risk of another international crisis, the local economic scene was also quite complicated. He noted that the public had a lot of expectations but the government has not met them so far. He said that any success that the government has enjoyed has come at the cost of more debt. He also noted that election time is always a period of expanded public expenditures.
More... (http://www.dr1.com/index.html#6)