NewsWhore
06-29-2012, 05:00 PM
The Executive Branch has sent the Senate a proposal for another RD$20 billion to meet obligations by the Treasury, Public Health and the Executive Branch this year. The addendum would increase the RD$51,311 million requested supplementary national budget to RD$71,461 million, as reported in Diario Libre. The Executive Branch says its department would be responsible for a debt of RD$270 million that the Central Electoral Board (JCE) presented for the organization of the 2012 presidential election. The governmental Banco de Reservas advanced the funds to the JCE.
Diario Libre reports that legislators are divided over approval sought for US$1.6 billion in new loans for infrastructure, that is part of the supplementary budget bill sent by the Presidency. Senator Dionis Sanchez, president of the Bicameral Commission of Congress (Chamber of Deputies and Senate) believes that those loans and the public works to be executed should be left up to the new government that starts 16 August 2012.
The US$1.6 billion would be assigned to the construction of the Monte Grande dam (US$250 million), transparency and governance for economic recovery program US$100 million, Solidarity welfare program US$100 million, Santiago residual water treatment US$355 million, Artibonito hydroelectric dam US$163.8 million and Azua II farm project US$90 million, CARCIP communications regional program US$30 million, and intelligent transit program US$36 million, among others, as reported in Diario Libre.
The newspaper comments that the Fernandez administration could end its second term in government with a RD$80 billion fiscal deficit. The deficit is attributed to excessive spending by the administration. The Central Bank reports that government expenses increased by 26.3% during the first quarter of 2012 alone.
More... (http://www.dr1.com/index.html#3)
Diario Libre reports that legislators are divided over approval sought for US$1.6 billion in new loans for infrastructure, that is part of the supplementary budget bill sent by the Presidency. Senator Dionis Sanchez, president of the Bicameral Commission of Congress (Chamber of Deputies and Senate) believes that those loans and the public works to be executed should be left up to the new government that starts 16 August 2012.
The US$1.6 billion would be assigned to the construction of the Monte Grande dam (US$250 million), transparency and governance for economic recovery program US$100 million, Solidarity welfare program US$100 million, Santiago residual water treatment US$355 million, Artibonito hydroelectric dam US$163.8 million and Azua II farm project US$90 million, CARCIP communications regional program US$30 million, and intelligent transit program US$36 million, among others, as reported in Diario Libre.
The newspaper comments that the Fernandez administration could end its second term in government with a RD$80 billion fiscal deficit. The deficit is attributed to excessive spending by the administration. The Central Bank reports that government expenses increased by 26.3% during the first quarter of 2012 alone.
More... (http://www.dr1.com/index.html#3)