NewsWhore
04-10-2007, 07:20 PM
Economy, Planning, and Development Minister Temistocles Montas has announced that by mid year a special RD$2.5 billion subsidy fund would be created to subsidize the electricity sector and liquefied petroleum gas (LPG). A first quarter tax surplus would be used.
Montas commented on the increased confidence showed by the International Monetary Fund that is now reviewing the stand by arrangement with the DR each semester instead of quarterly.
Montas responded to criticism regarding overspending voiced by priests during their Seven Words sermon saying that the increased confidence of the IMF is proof the country is doing well. He denied the government is carelessly spending public funds. Montas reminded the priests that the main mission of this government was to dig the DR out of the financial hole it was in. Montas said that the IMF described as excellent the economic situation and that if the country was wasting money the IMF would be the first to say so.
More... (http://www.dr1.com/index.html#1)
Montas commented on the increased confidence showed by the International Monetary Fund that is now reviewing the stand by arrangement with the DR each semester instead of quarterly.
Montas responded to criticism regarding overspending voiced by priests during their Seven Words sermon saying that the increased confidence of the IMF is proof the country is doing well. He denied the government is carelessly spending public funds. Montas reminded the priests that the main mission of this government was to dig the DR out of the financial hole it was in. Montas said that the IMF described as excellent the economic situation and that if the country was wasting money the IMF would be the first to say so.
More... (http://www.dr1.com/index.html#1)