Supplementary budget passed

[NewsWhore]

Yesterday the Chamber of Deputies approved the RD$11.05 billion supplementary budget with an 88-3 vote. The Senate had passed the bill two weeks. The bill will now be sent to the President for signing. The surplus follows the implementation of the fiscal invoice (NCF) by the Department of Taxes (DGII) in January, and is also product of the windfall of taxes paid by the Falconbridge, due to the increased price of ferronickel on the international market. The money was allotted as follows: RD$2.4 billion to the propane gas subsidy; RD$2 billion for natural disasters; RD$1.5 billion to city halls; RD$525 million for Christmas bonuses; RD$178 million to the UASD and RD$1.05 billion for teacher salary readjustments.

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