2008News

Timid economic measures

The new president of the Herrera Association of Industries, Manuel Cabrera, described President Leonel Fernandez’s announcements made last week in reaction to the rising prices of fuel and food on international markets as “timid” and called for more austerity. Cabrera welcomed the focusing of subsidies on GLP through the use of the Solidarity Card and …
2008News

Fernandez presents plan

In his long-awaited address to the nation last night, President Leonel Fernandez presented the Integrated Action Plan, which consists mainly of a collection of cost-cutting measures aimed at compensating lower-income sectors of the population for rising fuel and food costs. Fernandez repeated the intention to cut government spending by 20%, or RD$20 billion this year. …
2008News

Commenting on the President’s proposals

Opposition and business leaders have responded to the President’s 2008 proposal with skepticism and criticism. As reported in El Caribe, opposition party leaders, PRD secretary general Orlando Jorge Mera and PRSC president and secretary general Quique Antun Batlle and Victor Gomez Casanova Jr., respectively, complained that President Leonel Fernandez’s “Integrated Action Plan” was insufficient. Jorge …