Deputies approve bonds

[NewsWhore]

The majority block of the ruling PLD in Congress and its allies have approved the emergency bill for the emission of RD$5 billion in bonds for use towards reconstruction in the wake of Tropical Storm Noel. The bonds issue was scheduled at the last minute. The PLD legislators passed the new loan in the absence of the opposition parties that had met the same morning. PRD party spokesman, Orlando Jorge Mera said that the opposition party legislators were caught by surprise by the rushed approval. Opposition parties later said that they rejected the approval of the bonds on the grounds that the country will have a revenue surplus at year's end that could be used for this purpose, making it unnecessary for the country to take on more debt. The bill was passed to the Senate, where the PLD also holds the majority, for approval today.

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