While the common citizens of the Dominican Republic have to tighten their belts more and more each day, the government continues to increase its spending. Diario Libre reports that the public sector’s payroll increased by 10-11% in August alone. A governmental budget report published yesterday shows that, in real terms, the government is collecting less revenues. Last month, the government took in RD$4.6 billion and disbursed RD$4.4 billion for current spending obligations. Of this amount, the government disbursed RD$196 million to pay its debt with commercial banks, leaving a deficit of RD$24 million for the month. Diario Libre points out that, despite the recommendations of the business sector and the signing of the stand-by agreement with the IMF, the implementation of the budget has yet to reflect austerity in payroll matters.
\nCentral Bank half year report showed that the government had employed 15,000 new persons. <\/p>\n","protected":false},"excerpt":{"rendered":"
While the common citizens of the Dominican Republic have to tighten their belts more and more each day, the government continues to increase its spending. Diario Libre reports that the public sector’s payroll increased by 10-11% in August alone. A governmental budget report published yesterday shows that, in real terms, the government is collecting less … <\/p>\n