NewsWhore
02-08-2007, 06:00 PM
Since 31 December sixty public institutions owe the Dominican Social Security System (SDSS) more than RD$1 billion. This debt is in breach of law 87-01 and could jeopardize the Family Health Insurance (SFS) and other programs like pensions. Topping the list is the Ministry of Education which owes RD$510,090,123 followed by the National Institute of Drinking Water (INAPA) with a debt of RD$144,543,561. Other notable public institutions that owe money are the Dominican Postal Service (RD$35,936,672), the Metropolitan Transit Authority (AMET) RD$15,179,022, the Technical Transport Office (OTTT) RD$12,762,572, and the Tax Department (DGII) RD$5,131,509. Hoy explains that article 112 and 113 give the Social Security Treasury (TSS) the right to take action against institutions that owe money and that the sanctions for this debt can amount to a 5% monthly penalty equal to the accumulated debt. For a full list of the institutions click on this link: www.hoy.com.do/article.aspx?id=12561 (http://www.hoy.com.do/article.aspx?id=12561)
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