NewsWhore
10-23-2007, 05:20 PM
The government continues to increase its spending. Today's Listin Diario reports that government spending was up 12.6% from January to August of this year, compared to the same period in 2006. The government spent RD$91.45 billion in 2006 and then spent RD$102.97 billion during the first eight months of the year. The level of spending is above what was authorized by Austerity Law 497-06 for the public sector. The law was passed in December 2006 and set a payroll ceiling for the central and decentralized government institutions during 2007, with the exception of the Customs (DGA) and Tax (DGII) departments.
Listin Diario reports that Treasury Ministry data shows that government payroll spending increased 6.8%, from RD$27.12 billion to RD$28.96 billion, or RD$1.83 billion more.
Personal staff spending amounted to RD$27.35 billion, up RD$1.59 billion, or 6.2%. Spending on Social Security increased 17.5%, or RD$1.60 billion, or RD$239.3 million more than in 2006.
On the other hand, government revenue has been increasing. Government collections up to 28 September, reached RD$171 billion, of which the Customs Department collected RD$37.5 billion, DGII collected RD$105 billion and the Treasury collected RD$28 billion.
Government collections were up 9.4% more than last year and 33% more than budgeted for the period. Overall, government spending accumulated to 28 September 2007 was RD$150 billion. Of this sum, RD$53.66 billion is for current spending, RD$12.81 billion to make interest payments, RD$6.49 billion to make severance payments, RD$45.49 billion for transfers, RD$32.42 billion for public works and 85% of the budget has been executed.
More... (http://www.dr1.com/index.html#1)
Listin Diario reports that Treasury Ministry data shows that government payroll spending increased 6.8%, from RD$27.12 billion to RD$28.96 billion, or RD$1.83 billion more.
Personal staff spending amounted to RD$27.35 billion, up RD$1.59 billion, or 6.2%. Spending on Social Security increased 17.5%, or RD$1.60 billion, or RD$239.3 million more than in 2006.
On the other hand, government revenue has been increasing. Government collections up to 28 September, reached RD$171 billion, of which the Customs Department collected RD$37.5 billion, DGII collected RD$105 billion and the Treasury collected RD$28 billion.
Government collections were up 9.4% more than last year and 33% more than budgeted for the period. Overall, government spending accumulated to 28 September 2007 was RD$150 billion. Of this sum, RD$53.66 billion is for current spending, RD$12.81 billion to make interest payments, RD$6.49 billion to make severance payments, RD$45.49 billion for transfers, RD$32.42 billion for public works and 85% of the budget has been executed.
More... (http://www.dr1.com/index.html#1)