The Medina administration borrowed more than US$5.3 billion in foreign debt in 2019. Nevertheless, Hacienda (Treasury) Minister Donald Guerrero says the next government will receive robust public finances. Presenting the annual report for 2019, Guerrero said that public finances are attractive for the investment climate, there have been improvements in fiscal indicators, and there is a primary surplus in 2019 of the Non-Financial Public Sector of 0.4% of the Gross Domestic Product, or RD$18.9 billion. He said that all debt commitments have been covered in a timely manner, settling a total of US$20.8 billion in amortizations since 2012.
Guerrero said that since the beginning of the current administration, tax revenues have grown at an average annual rate of 10.7%, reaching RD$656,572.1 million in 2019, which represents an additional RD$334,880.3 million over 2012.
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Hacienda
Diario Libre
10 February 2020