Guillermo Caram, a former Central Bank official, writes an interesting op-ed piece in today?s edition of Hoy, in which he says that the IMF accords are insufficient. He says that current income for the government is not enough to meet current expenditures, and points out that the last official publication showed that regular government expenditures surpassed regular income by an alarming RD$427 million, and that overall income fell RD$1.56 billion short of overall expenditures. Caram further indicates that government income for May 2003 was RD$4.27 billion ? just 3.9% above income levels six months prior. Considering that inflation over those six months has been calculated to be 12.9%, the government in reality experienced a 9% drop in income, thereby foretelling an 18% percent drop for the entire year. Given the hypothesis of equal income and equal expenses for the success of the IMF accords, the future does not seem to be auspicious. Caram calls for further measures on the part of the national leadership to forego the plausible results of this unrealistic interpretation of the nation?s economy.