International Monetary Fund (IMF) representative Jose Faigebaum has said that he trusts that the government’s proposed mega-projects will be completed within budget. The official was speaking during a visit to Senate President Andres Bautista Garcia, according to El Caribe. Faigebaum stated that the country’s current macroeconomic stability would be at risk if expenses exceeded the amount established in the 2006 Budget. The IMF will perform the third revision of the government’s economic program in January and that is the reason for his visit to the DR. He pointed out that the amount presented by the government in the tax reform “should be a little higher”. He favors the elimination of the government’s electricity subsidy because it is too high at US$600 million. He stated that this money could be used to build schools, roads, housing projects, hospitals, and clinics. He emphasized that if the tax reform is approved for less than the RD$32 billion requested, the government would have to cut back spending to reach its objectives. Faigebaum visited the Chamber of Deputies President Alfredo Pacheco together with Guy Meredith, chief of mission for the Stand-By arrangement with the IMF.