Government deficit hits RD$23.3 billion in first quarter

Dolores

Administrator
Staff member
Feb 20, 2019
5,553
157
43




The Central Bank of the Dominican Republic (BCRD) has released the figures for the first quarter of the year 2020. They are not very encouraging: a RD$23.3 billion deficit amounting to 0.5% of GDP.



Year to year, this 2020 figure is slightly more than RD$9 billion higher than 2019. However, the Budget Office that the figure for 2020 is slightly lower than the RD$24.9 billion deficit that was detailed in the budget. According to the agency, the increase is due in large part to the loss of income resulting from the impact of the Covid-19. Just in March, the deficit was RD$14.0 billion.



The government spent RD$59 billion in March and only received RD$45 billion.



Read more in Spanish:Listin Diario



1 June 2020
Continue reading...
 
Last edited by a moderator: