DR1 Daily News - Dominican Republic

The Dominican Republic is embarking on an ambitious fiscal consolidation path, projecting a record increase in government revenues alongside a gradual reduction of the fiscal deficit by 2028, El Dia reports citing Ministry of Hacienda and Economy sources. These efforts are anchored in a strategy to bolster tax collection efficiency and progressively roll back corporate subsidies.

The national focus is on sustainability, aiming to propel the nation toward an investment-grade sovereign credit rating within the next decade.

The country’s fiscal plan, detailed in the Ministry of Hacienda and Economy’s National Pluriannual Plan for the Public Sector 2025-2028, forecasts a massive injection of funds:• Total fiscal revenues are expected to jump from RD$1.24 billion in 2025 to RD$1.62 billion in 2028, an increase of over RD$376 billion.• This positive trend is primarily driven...