In his Argentarium column in Diario Libre, economic analyst Alejandro Fernandez comments that the three leading productive sectors of the Dominican economy n manufacturing, construction and agriculture n barely received RD$4.3 billion in financing in 2015. <\/p>\n
He compares this to the consumer, motor vehicles and housing, and banking sectors that received 12 times more, or RD$50.9 billion. He says that according to Central Bank figures there was RD$2.9 billion less for farming and RD$7 billion in motor vehicle financing in the year, which was much more than the total for manufacturing of RD$6.7 billion. <\/p>\n
The government itself, including the Central Bank, also benefited from loans and bond placements for RD$83.2 billion. “In other words, in 2015 the productive sector received barely 5% of what the Dominican government received,” he expressed with concern. <\/p>\n
He observes that even construction, the most dynamic sector with an 18% growth in 2015, received only RD$394 million more in 2015 than in 2014. He said the dynamism of the construction sector could be attributed to the boom in central government construction projects. <\/p>\n
Fernandez expresses concern that in the last months of 2015 there was a significant increase in bank credit to the public sector reaching RD$90 billion in loans, without mentioning investments in government bonds. He mentioned that official statistics show that there was an increase of 90% or RD$42.7 billion to the public sector, while private credit to households and companies barely increased 12.7% to RD$89.8 billion. <\/p>\n
He observes that it is not bad to finance imports, housing and the government, but what is missing is a balance when national savings are applied to the unmet needs to make the real economy more productive, sustainable and competitive. <\/p>\n
http:\/\/www.diariolibre.com\/economia\/argentarium\/ahorrar-pero-para-financiar-que-EN2359633<\/p>\n","protected":false},"excerpt":{"rendered":"
In his Argentarium column in Diario Libre, economic analyst Alejandro Fernandez comments that the three leading productive sectors of the Dominican economy n manufacturing, construction and agriculture n barely received RD$4.3 billion in financing in 2015. He compares this to the consumer, motor vehicles and housing, and banking sectors that received 12 times more, or … <\/p>\n