2001News

Perspectives ahead

Guillermo Caram, a PRSC leader, said that the passing of the "paquetazo" was not necessary and will bring about widespread tax evasion, decelerating of the economy and an increase in unemployment. José Manuel López Valdez, president of the Association of Commercial Banks, said that the tributary reform would strengthen public finances and increase government income. He said this would enable to government to expand public health and education programs. He forecast that if the government achieves fiscal equilibrium, there should not be inflation. He forecast for the Listín Diario that there should be a more stable exchange rate, and said that now that the uncertainty period is over, there are expectations for better times ahead. He said that now that the uncertainty is behind us, people should be able to use their savings and move on planned projects. President of the Senate, Ramón Alburquerque forecast the country would soon feel the positive effects of the declining price of the barrel of petroleum. Hoy newspaper also points out the positive effects of the textile parity bill will soon be felt in an increase in employment in apparel free zones. The president of the Council of Businesses (CONEP), Celso Marranzini feels that the passing of the "paquetazo" will result in price increases, mass firings of employees as many companies will not be able to pass on to consumers the increases. President Hipólito Mejía responded to Marranzini’s comments saying that businessmen "are not presidents nor leaders of the country." He said that the poor now have a godfather in the National Palace.