NewsWhore
03-31-2008, 04:50 PM
The government subsidy programs for propane gas and for electricity to poor barrios are using up funds at an alarming rate. According to El Caribe, in the case of the propane subsidy, the budget allocation will be consumed in six months at the current rate. The government has announced that it will review the subsidy programs after the 16 May elections. The subsidy programs are aimed at helping industrial free zones, bakeries, freight haulers, passenger transport and housewives. During the first quarter of 2008, the subsidies used a bit over RD$5.0 billion of the RD$21 billion allocated to the electricity program. The program that subsidizes propane has consumed 37.99% of its budget so far this year, at a rate of RD$950 million per month. Only RD$3.1 billion remains in the budget for the rest of 2008.
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