NewsWhore
04-23-2007, 04:50 PM
The National Association for Young Entrepreneurs (ANJE) is highlighting the fact that the government has used the revenues from the tax increments that came into effect in January 2007 for increasing its spending on hiring personnel and superfluous expenditures such as advertising. In a publication in Saturday's El Caribe newspaper, ANJE points out that over the last three years, Dominicans have had to endure three major tax increases that have generated income windfalls for the government. These tax increases have not only reduced people's purchasing power, but also placed the productive sector at a disadvantage with competitors who are aware that taxes should not be exported and in response have designed schemes that promote production, highlights the business organization. "Dominican society has had its share of sacrifices. Unfortunately, we understand that the government has been timid in fulfilling its part," writes the organization.
ANJE says that statistics for the first two months of the year produced by the Treasury Ministry (Hacienda) show that government revenues were up by 22.9% or RD$6.41 billion compared to 2006. Government spending increased by 34.3% or RD$6.71 compared to 2006. The organization explains that the government's spending patterns during the first two months of the year show that efficient use of revenues is not a goal or priority. It points out that the Presidency's spending alone surpassed the increases in the education, culture, public health and welfare budgets. "Observing these statistics indicates that the country's priority is not education or health, but a bigger state that is more costly to manage," concludes the report. Also highlighted is the fact that the government has increased its spending on non-personal services by 100%. This includes advertising and travel expenditure, among others.
ANJE called for the authorities to take on a genuine commitment to the efficient use of government resources, and suggested that priority should be given to health and education. Furthermore, they considered that part of the tax revenue surplus could be allocated to the Central Bank's quasi-fiscal deficit.
More... (http://www.dr1.com/index.html#4)
ANJE says that statistics for the first two months of the year produced by the Treasury Ministry (Hacienda) show that government revenues were up by 22.9% or RD$6.41 billion compared to 2006. Government spending increased by 34.3% or RD$6.71 compared to 2006. The organization explains that the government's spending patterns during the first two months of the year show that efficient use of revenues is not a goal or priority. It points out that the Presidency's spending alone surpassed the increases in the education, culture, public health and welfare budgets. "Observing these statistics indicates that the country's priority is not education or health, but a bigger state that is more costly to manage," concludes the report. Also highlighted is the fact that the government has increased its spending on non-personal services by 100%. This includes advertising and travel expenditure, among others.
ANJE called for the authorities to take on a genuine commitment to the efficient use of government resources, and suggested that priority should be given to health and education. Furthermore, they considered that part of the tax revenue surplus could be allocated to the Central Bank's quasi-fiscal deficit.
More... (http://www.dr1.com/index.html#4)