Government making money

[NewsWhore]

The government's tax revenue during the second semester is well above its spending, resulting in a surplus of RD$20,416 million. These figures were published in a report released by the Treasury Ministry, which points out that between January and September fiscal revenue jumped to RD$171,317.9 million while central government spending only totaled RD$150,201.6 million. Revenue doesn't include donations or loans, while spending doesn't include financing applications. Diario Libre reports that collections by the government were 9.8% above estimated collections and 33% above collections for the same period in 2006. The Tax Department provided the largest amount of revenue with RD$105,587.9 million, followed by Customs (DGA) with RD$37,483.9 million and the National Treasury with RD$28,246.1 million. During the first nine months of the year the government increased spending by 19.8% in comparison to 2006. During this period the government spent a total of RD$150,901.6 million. Of the money spent, RD$118,479.9 million were in transfers, consumption, interest and loans. The remaining RD$32,421.7, or 34.5% of the spending, was directed towards capital spending.

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