2005News

Budget to be analyzed

According to Secretary of the Presidency Danilo Media, the 2006 Budget and Public Expense Law could be analyzed by the National Development Council (CND) no later than 20 December before being sent to Congress by the Executive Branch. As reported in Diario Libre, Medina stated that alternatives are being sought to compensate for the RD$7,000 deficit created by the newly approved tax reform law. President Fernandez is scheduled to preside over the CND on Monday, 19 December at 5:00 pm. Medina pointed out that the new tax legislation puts the government in an “unsustainable” fiscal situation which hinders the structuring of a balanced budget.