2006News

A fiscal surplus for first quarter

According to the most recent report from the Dominican Republic Central Bank, the government received income of RD$43.22 billion in the first quarter of the year and only spent RD$43.13 billion. This gives the government a fiscal surplus of RD$98.3 million. Tax income for the period increased by 22.4% and non-tax income decreased by 25.8%. These results were attributed to greater efficiency in tax collection and the adjustments that formed part of the most recent tax reform package passed in December 2005.