Government announces pro-growth measures and policies to mitigate effects of international economic crisis
After months of consultations with productive sectors and political leaders, the Dominican government announced that it will submit to Congress a bill aimed at increasing government revenues by between DOP 40 billion and DOP 50 billion.
These measures, together with the expenditure control actions announced in March amounting to DOP 35 billion, will create the fiscal space needed to address the effects of the international economic crisis, without affecting the most vulnerable segments of the population, or micro, small and medium-sized enterprises (MSMEs). They are also meant to help preserve public investment, essential services and social protection programs.
According to Minister of Finance Magín Díaz, the proposal constitutes a “responsible, gradual, and balanced plan,” in which most of the adjustment will be borne by taxpayers with greater ability to pay.
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