NewsWhore
08-22-2012, 12:40 PM
In its mid-year report to Congress the Ministry of Economy, Planning and Development reveals that the economy showed real growth of 3.8% GDP for the first semester. Current income increased by 18.7% (RD$161.9 billion) over the previous period due to fiscal reform in the second half of 2011 and a one-off receipt of RD$8.58 billion due to the sale of shares in the Presidente beer brewery. Despite receiving this one-off payment, the report states it is unlikely the government will meet the budgeted RD$351.7 billion.
Public spending grew by 38% over the same period in 2011, reflecting the electoral year activities.
The report puts accumulated inflation from January to June at 0.89%, lower than the same period in the previous year when it was recorded as 5.85%. Inflation from June to July was 2.71%.
www.elnuevodiario.com.do/app/article.aspx?id=299350 (http://www.elnuevodiario.com.do/app/article.aspx?id=299350)
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Public spending grew by 38% over the same period in 2011, reflecting the electoral year activities.
The report puts accumulated inflation from January to June at 0.89%, lower than the same period in the previous year when it was recorded as 5.85%. Inflation from June to July was 2.71%.
www.elnuevodiario.com.do/app/article.aspx?id=299350 (http://www.elnuevodiario.com.do/app/article.aspx?id=299350)
More... (http://www.dr1.com/index.html#2)