NewsWhore
12-04-2007, 02:30 PM
Hacienda Minister Vicente Bengoa has confirmed that the government will be paying its employees more that RD$10 billion in Christmas bonuses this holiday season starting 10 December. Bengoa said that next Monday alone, employees at some of the government's centralized and decentralized offices will receive RD$4.3 billion in bonuses and the same amount will handed out on the 21 of this month, when the normal December wages will be paid. Bengoa says that the total doesn't include the amounts paid to decentralized government departments, such as the Central Bank, the Superintendence of Banks, BanReservas, the National Lottery and other government offices. Bengoa says that a proposal is being submitted, to authorize the Hacienda Ministry to approve loan requests by BanReservas to the tune of RD$820 million, so that all public offices can give their employees their bonuses. Bengoa explained that due to the Law on Public Credit those public offices are not able to take on more debt without Congressional approval. The payment of the bonuses always stimulates commercial activity, and Hoy writes that an additional RD$20 billion will be in circulation during this month as a result.
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