2010News

Budget approval postponed for Friday

The Chamber of Deputies has postponed the approval of the 2011 National Budget until Friday in order to include an addendum sent by the Presidency. The addendum will add RD$150 million for the construction of the Monte Grande dam. While it holds the majority in the Senate, the bill in a first reading in the Chamber of Deputies did not receive two-thirds of the majority needed to approve the budget.

Meanwhile, 7dias.com.do reports that the Senate approved the bill that orders the Minister of Hacienda to secure a loan for RD$750 million from the government Banco de Reservas to pay the Christmas wage in municipal councils and decentralized government departments.