In an interview on Hola Matinal television program, economist Andres Dauhajre forecast that if the government continues spending as of today, before the end of the year the international reserves of the Central Bank will have been depleted. He said this will bring as a consequence a devaluation of the Dominican peso. He recommended that the government rapidly implement an integral tax reform that includes income tax, the value-added tax (Itbis) and the select tax on consumption of luxury items, as well as an increase in taxes on alcoholic beverage and tobacco goods, and property tax. He said that tributary pressure needs to increase to 20%.
