NewsWhore
01-10-2007, 04:50 PM
Another economist, Miguel Ceara Hatton, currently the national director of the United Nations Development Program (UNDP), says that every Dominican is born with a personal debt of US$1,400. According to Ceara Hatton, the interest payments are having a great influence on the national debt, and will limit the government's ability to face up to important social issues. The United Nations delegate said that it was a serious mistake to assign US$450 million to subsidize the electricity sector, while only 20% would benefit the poorest barrios. Ceara Hatton expressed his concern that public expenditures be better spent during the coming year. According to the UNDP projections, the current economic situation should continue and education and health should be bettered.
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