Experts say government needs to cut wasteful spending before raising taxes

Dolores

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Feb 20, 2019
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Economists Mercedes Carrasco and Rafael Espinal addressed several issues regarding the Dominican Republic’s fiscal reform. The ruling Modern Revolutionary Party has the vote in Congress to pass whatever reform once the new congress starts on 16 August 2024.

Rafael Espinal, professor at Intec and former president of the Dominican School of Economists (Codeco), highlights that the fiscal reform needs to be aligned with structural reforms in the labor sector, social security, electrical sector, reviews of spending in public administration, strengthening of the judicial system, government subsidies, location of the investment, water resources and environment and the reduction of poverty.

Economist Mercedes Carrasco advocates for the government to first stop wasteful spending reflected in current expenditures. She says wasteful spending has reached two and...

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