1998News

Opposition party says government owes 1/3 National Budget

The Partido Reformista Social Cristiano (PRSC) denounced that the internal public debt of the Fernández administration adds up to more than RD$16,000 million, over a third of the present National Budget. Dr. Donald Reid Cabral, acting president of the organization, called "alarming" the high level of what the government owes. The present National Budget is RD$38.7 million. He recommended that the government use 60% of the surplus of tax collections over what was budgeted to reduce the debt.