2013News

Government announces plan to revive economy

The Medina administration has announced more spending aimed at reactivating the economy and encouraging new investment and growth. The government said that RD$9.07 billion would be injected into a series of projects with immediate effect. Administrative Minister of the Presidency Jose Ramon Peralta and Minister of Hacienda Simon Lizardo made the announcement at the Presidential …
2013News

Public debt up US$1.4 billion since December

The Medina administration took on US$1.4 billion more in public debt from 31 December 2012 to 31 March 213. The non-financial public debt increased from US$19.23 billion to US$20.63 billion. The public debt represents 34.3% of the GDP, as reported in Diario Libre. 62.8% of the debt is foreign debt, and 37.2% local. www.diariolibre.com/economia/2013/05/03/i381831_deuda-del-sector-publico-aumenta-us1-399-millones-desde-diciembre.html