DR's Economy

RD$77bn deficit

The PRD Economic Policy commission claimed yesterday that the government has been operating on a fiscal deficit of RD$76.7 billion. Nevertheless, the commission acknowledged that there had been an extraordinary increase in capital investment. The PRD commission said that the RD$76.752 billion deficit was financed as follows: RD$21.576 billion with external financing, RD$34.211 billion from domestic financing, and RD$20.963 billion with arrears or late payments. The commission warned that the total income from normal sources and donations had reached RD$101.008 billion, but that expenditures were RD$177.761 billion. Government income increased by 7.7% in the first five months, but expenditure increased by 23.4%.
As a result, the PRD economists say that in order for the government to reach its goal of a RD$47 billion fiscal deficit for the year, it will have to curtail expenditures for the rest of the year and at the same time find additional funding sources outside of taking on more debt, and this means increased electricity tariffs and a new tax reform package.

From the DR1's front news page...



Wait! Is this the same PRD economic commission that presided over each of their office terms, using a Texas graphic calculator to "project" the economy back then??????

Or the ones like Bush (son) who described the economy's numbers as fuzzy numbers?????

Since when can the economics? impaired PRD, be able to be seen as a confidential source of our economy's projections?

And all this according to their experts??

LOL!!!!
:cheeky:

BushBaby said:

I was rather hoping that someone else would have picked you up on this comment Robert - It doesn't do very much for 'Gringo/Dominican relationships' really does it?

I think most of us would agree that Dominican Politics have a long way to go to become a proper democracy & that the corruption/nepotism etc displayed by those in power is an abomination detrimental to the majority of the middle & lower classes here, but to suggest that the members of the PRD can not count???? Come on Sir, how do you think they manage to accumulate so much money & property for themselves when they are in power? :cheeky: :cheeky: irate:

When you come up for the next charity golf tournament I'll introduce you to a few PRD members who know only too well how to count, read & write in English as well as Spanish. Just to prove that I am not politically motivated by ANY of the parties here, I'll do the same to members of the PLD if you like (As you say, PRSC members will be a little more difficult to find!!) ! Grahame.

Click to expand...

Maybe the thing they need is common sense?!?
"Those that don't know history are doomed to repeat it"...

After the historical data on PRD administrations over the DR, I think is safe to validate that at this point in time having a PRD projection of taking over the next four years, could in fact spell just they same Robert pointed out (out of jest of course!)...

I for one don't think the PLD led administrations have done much (as surely they could if they want it to), but I go for the lesser of both evils; to tell truth there's nothing to "think" about, if you're educated and old enough to count without the assistance of your fingers...

PRD and "economic" expertise of any kind are an oxymoron in the same sentence...

The PRD outlived its calling as an opposition force/party. It was born out of the rejection of imposed regimes and quasi-dictatorial administrations, themselves leftovers from the caudillismo under not only Trujillo, but several actors in our history.

The PRD didn't evolve with the times, nobody took the pain to forge the metal and reflect the changing around us and the world. Just being an opposition party for the sake of there being opposition, its like saying we need to be politically correct for the sake of being "politically correct" as well.

Make no mistake about it: The PLD was a COMMUNIST/SOCIALIST/POPULIST grouping which evolved as times changed. Think of the fact that if anything, the PRD and PLD were basically born out from the same actors/needs of their times.

The Reformistas didn't disappear, they found reasons to evolve with the reality of the present. Something the PRD needs to learn, but far from it, since the old players want to still play the leading roles to a tired audience that claims for new, refreshing young skin and minds.

The PRD and "economic expertise" can't historically be used in the same sentence, if educated enough on the matter is the individual behind the pen...
:devious: