The Presidency sent to Congress a bill for the authorization of placement of public debt bonds for RD$190 billion through the Ministry of Hacienda, as reported in Diario Libre. The National Budget would authorize the bonds be placed in national and international markets in any currency. The amount could be increased to RD$231 billion
As part of the 2018 National Budget the government is also requesting authorization for the sale of up to 5% of the public sector non-financial debt or around US$1.5 billion without congressional approval. The Executive Branch is requesting Congress authorize it to only have to inform about the procedure.
In addition, the 2019 National Budget under study in Congress also requests authorization for the sale of state enterprises for up to 10% of the non-financial public debt. Minister of Hacienda Donald Guerrero has said that the intention is to find a partner for the Punta Catalina thermoelectric power plant under construction by Odebrecht-Technimont-Estrella in Peravia province.
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Diario Libre
4 December 2018
