Yesterday, Wednesday 2 December 2015 the Senate approved issuing bonds for RD$114.5 billion to financing the 2016 National Budget. The bill had been approved by the Congress for RD$663.56 billion and was fast-tracked through the ruling PLD-dominated Senate.
An editorial in Diario Libre today, Thursday 3 December 2015 says that the business community is concerned about the increasing debt being taken on by the government. It makes the point that in 2016, 20% of government revenue will have to be used just to make interest payments on debt already taken on. “To take on debt just to maintain growth does not make sense when this is not controlled,” states the editorial.
http://www.diariolibre.com/noticias/el-senado-aprueba-una-emision-de-bonos-por-rd-114-500-millones-EF2061262
http://www.diariolibre.com/opinion/editorial/la-deuda-XK2059189