Government revenue increased by RD$48 billion between January and November 2007 in comparison to the same period in 2006. This is 29.9% higher than in 2006 and 8.4% more than estimated. The government collected RD$211 billion not including donations, internal and external resources and RD$221 billion if these are included. A report by the Ministry of Hacienda indicates that of the RD$221 billion collected, RD$1.01 billion corresponds to donations. Donations increased by RD$547.6 million and revenue from external resources was RD$7.12 billion. External revenue was lower than in 2006 when RD$9.7 billion was registered. The amount accumulated through the PetroCaribe agreement was RD$3.7 billion, much lower than the RD$5.43 billion registered in 2006. Of the RD$211 billion collected, RD$129,968.1 million was collected by the Tax Department, about RD$29,893 million more than in 2006. This was particularly due to the increase in company taxation, up by RD$6.9 billion, and VAT (ITBIS). up by RD$6,010.2 million. Customs collections also increased by RD$7.6 billion with an increase in import taxes, up by RD$1,96 billion and RD$6.5 billion in VAT.<\/p>\n
The National Treasury also reported an increase in their collections, up RD$11.2 billion to RD$33.3 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Government revenue increased by RD$48 billion between January and November 2007 in comparison to the same period in 2006. This is 29.9% higher than in 2006 and 8.4% more than estimated. The government collected RD$211 billion not including donations, internal and external resources and RD$221 billion if these are included. A report by the Ministry … <\/p>\n