The Abinader administration ended its first quarter with a fiscal deficit as of 1 April 2022 of RD$174.79 billion. Yet, as reported in El Caribe newspaper, the fiscal deficit is proportionally lower than projected. There was RD$18.05 billion more in expenditures over revenues, or 8.2%. The government had projected a 10.32% deficit for the quarter, according to data from the General Budget Agency (Digepres). In absolute values, the accumulated revenues from 1 January to 31 March were RD$218.90 billion, of RD$871.48 billion for the full year.
The Tax Agency (DGII) reported collections for RD$218.06 billion that was 26.43% of the projected for the year. The Budget Agency is optimistic the increase in revenues would mean the collections would be more than budgeted.
The Budget Agency says that spending was RD$236.96 billion, that was 22.64% of what was programmed. In all expenditure components, except in the payment of interest on the public debt, the execution at the date of analysis, the proportionality was slightly slower than the pace of incoming revenues. Both current and capital expenditures lagged slightly behind what was budgeted.
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El Caribe
7 April 2022