2012News

Government needs US$600 million for electricity arrears

The executive vice president of the Public Electricity Corporation (CDEEE), Ruben Jimenez Bichara says that the institution needs at least another US$600 million for arrears with power generators. He said the system owes US$1.23 billion primarily to suppliers and generators. Of the total, he said that US$437.7 million is current debt owed to the generators …
2012News

CREES proposes more efficient government spending

Economists meeting for debates promoted by the Regional Center for Sustainable Economic Strategies have provided the Dominican government with a proposal for an integral fiscal reform based on a reduction and improvement in public spending and simplifying the taxation regime. As reported in Diario Libre, the president of CREEES Marino Ginebra Hurtado said these measures …