2009News

Government collections drop

In May, the government collected RD$2.9 billion less than the estimated RD$20.43 billion.

According to Diario Libre, quoting the Ministry of Hacienda’s Budget Office government collected RD$17.5 billion in May.

However, even though collections were down, fiscal activity was not in the red as overall collections superseded collections. The government collected an exact amount of RD$17.6 billion and spent RD$17.34 billion.

Of money collected, RD$12 billion came from taxes, RD$3.7 billion came from Customs and RD$157.1 million from the Treasury.