ANJE objects to subsidy funds

[NewsWhore]

The president of the National Association of Young Entrepreneurs (ANJE), Joel Santos, told reporters that the creation of a subsidy fund to support propane sales and electricity service will not resolve the problems. Criticizing the government's announcement of the creation of a RD$2.5 billion fund for subsidies, Santos said that those resources would be better applied to investments in technology, to prevent transmission losses of electricity and prevent the theft of electricity. According to Santos, the continuation of the government's LPG subsidy will only serve as an incentive to switch more cars from gasoline to LPG, increasing the demand for the gas.

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