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View Full Version : Where the RD$51 billion extra budget is going



NewsWhore
06-21-2012, 04:10 PM
Of the RD$51.311 billion requested by the Executive Branch from the National Congress as a supplementary budget, some RD$4.385 billion will go to the Ministry of Industry and Commerce. Next in line is the Ministry of Public Health and Social Assistance with RD$3.066 billion. Then follow the Armed Forces with RD$1 billion, the Ministry of Foreign Relations with RD$1.2 billion, and Agriculture with RD$1.034 billion. Also noteworthy is the National Congress and the Central Electoral Board (JCE) with RD$300 million each. Of the RD$49.971 billion that go to the Executive Branch, the Presidency will receive RD$8.32 billion and RD$843 million to the Ministry of Higher Education, Science and Technology.

Yesterday the Senate of the Republic sent the legislative proposals for the Supplementary Budget and the Law of Bonds that supports the budget request. The Permanent Budget Commission president, Senator Dionis Sanchez, will chair the joint commission that will study both proposals and Senate president Reinaldo Pared Perez will also be a member. A letter sent to the Senate by President Leonel Fernandez explained that the modification of the expenditures will be supported, among other options, in a legislative proposal for the Law of Bonds for US$500 million in order to send them to the electric companies that belong to the state and they will use it to pay for the cost of producing electric energy.

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