Senate passes bill for RD$190 billion more in borrowing

Photo: Diario Libre

In its last session before the Christmas holiday break, the ruling PLD majority Senate passed an authorization for the placement of RD$190 billion in loans to meet the deficit of the 2019 National Budget. The request had been received from the Presidency.

In the same session, the senators approved a US$300 million contingency loan from the Inter American Development Bank for emergency situations and disaster mitigation.

The senators also ratified the Foreign Account Tax Compliance Act (FATCA) signed with the US government on 15 September 2016.

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Diario Libre

20 December 2018