2009News

Short on income, long on spending

Total expenditure by the central government during 2008, excluding financial applications, exceeded the total income for the same period during the previous year by RD$26.488 billion, according to the Ministry of Hacienda.

In a report, the ministry indicated that as of 30 December 2008, central government expenses reached RD$270.78 billion, a figure that exceeded the RD$244.29 billion that was reported as income.

According to El Caribe, the Hacienda Ministry reported that income from taxes, excluding donations and loans as of 30 December 2008 was 0.21% lower than the estimates. It was 4.33% higher that the year before, however.

According to the report on accumulated collections, the Department of Taxes (DGII) produces RD$159.78 billion (65%), Customs brought in RD$57. 59 (24%) and the National Treasury collected RD$26.96 (11%). The report also states that the government received RD$4.1 billion from the sale of a liquor company.