2005News

Executive Branch seeks transfer of funds

The Executive Branch has sent a bill to Congress for the transfer of RD$13.538 billion for different investment expenses. Diario Libre reports that the resources would be used in the LPG subsidy, electric energy, municipal city halls, the Dominican Municipal League (LMD), construction and improvements. The funds would also be used to complete the fixed expenses for the rest of the year and other arrangements of national interest. This is explained by President Fernandez to Senate President Andres Bautista Garcia, specifying that the LPG subsidy requires RD$1.375 billion, the energy sector requires RD$3.472 billion, and the city halls and LMD require RD$900 million.

Listin Diario reports that the President stated that part of the resources would be used to cover the increase in the cost of fuel on the international market. The President stated that some government institutions did not foresee a 30% salary increase applied last January and that this situation could affect the government’s ability to pay the annual Christmas bonus.