Government big money maker

[NewsWhore]

Government revenues totaled RD$230 billion in 2007, or 27.1% more than was collected in 2006. Also, government costs increased to RD$222 billion for a total execution of 97% of the total budget. Of that figure RD$76 billion were spent on consumption costs while RD$55 billion were allocated to capital costs. Donations to the government totaled RD$2.4 billion, for an increase of RD$1.93 billion, and external resources were at RD$8.5 billion, some RD$8.96 billion less than in 2006. Internal resources were RD$1 million. Of the total revenues, RD$28 billion were considered extraordinary revenues, including RD$5.7 billion for the sale of Verizon and Falcondo. Of the total revenues, Customs collected RD$53 billion while the Tax Department collected RD$142 million and the Treasury collected RD$35.5 billion. In terms of government spending, RD$16.1 billion went towards interest payments, RD$9.6 billion to loans and RD$65.6 billion to transfers. Gross international reserves were at US$2.95 billion while net international reserves were at US$2.41 billion.

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