Government could save RD$7.5 billion

[NewsWhore]

The Dominican government could save some RD$7.5 billion each year, based on figures from the 2006 budget, if Law 340-06 was followed as approved by the legislature. This law, that deals with Purchases, Contracts, Public Works and Concessions, has been in Congress for over a year, and Eric Hazim, the director general of Public Contracts, said that at least 15% could be saved once the legislation is passed. Because Law 340-06 calls for complete transparency in all public spending, tender offers and concessions, there has been some slow-down in the application of the legislation as interests groups try and delay the end to their paydays. Hazim said that by following Law 340-06 to the letter, any supplier can acquire the necessary information on government purchases through the website at www.finanzas.gov.do (http://www.finanzas.gov.do)

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