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President Leonel Fernandez in the National Palace meeting last night.
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SANTO DOMINGO.- The National Council  Development, in a National Palace meeting which lasted just over two hours, approved the Budget of Income and General Public Spending Law for 2008, of RD$300 billion.

The piece earmarks RD$4.32 billion for the National Congress; RD$3.38 billion for Judicial Branch and RD$3.54 billion to the Central Electoral Board.

The Judicial Branch had requested RD$5.6 billion as the law stipulates, while electoral court sought RD$7.8 billion, of which RD$3 billion, practically the total allocated, is to organize the May 16 elections.

Other allotments include Education: RD$31.5 billion, or 10.5 percent of the budget; whereas the Health sector would get RD$21.5 billion, or 7.1 percent and the Presidency will manage RD$35.6 billion, the highest allotment.

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10 comment(s)
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Written by: michael, 14 Dec 2007 10:49 AM
From: Dominican Republic
I´d like to know what the budget of the las 3 years was. It really seams to go doble each year.
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Written by: josean, 15 Dec 2007 12:57 AM
From: United States
299.999.999.999 pesos for the METRO and the reelection of the Criminal President Fernandez and 1 peso for the Dominican people who are not drowned by the next opening of a dam.
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Written by: DaniDr, 15 Dec 2007 9:44 AM
From: Dominican Republic, Santo Domingo
lol josean. Sad, but true.
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Written by: josean, 15 Dec 2007 1:44 PM
From: United States
The heat is on the double talk babbler of the National Palace:

Go to



http://www.clavedigital.com/Portada/Articulo.asp?Id_Articulo=12120
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Written by: El_Mayimbe, 15 Dec 2007 2:51 PM
From: United States
It's not the president's authority to open or close a dam. This was not his call. Regardless of whether or not you like the guy, it's no reason to discredit him for something that he was not responsible for. Those in charge of the dam's management made the decision.
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Written by: josean, 15 Dec 2007 4:13 PM
From: United States
As President Truman said and had sign on his desk the "Buck Stops Here" or in Mr. Fernandez case, the overvalued Peso. He can not take credit for only the things that go right and its the fault of other guys or former administrations when things go wrong. He can not have it both ways.
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Written by: El_Mayimbe, 15 Dec 2007 4:31 PM
From: United States
Whatever your reasoning for that opinion is, this isn't the case to prove it with. It's not about him blaming other people for opening the dam...the point is, this was not his call. He was not the one that said "open the dam"...so I don't see the logic in blaming him for such a thing.

By the way...overvalued peso?....you should brush up on your economics and realize the importance of a stable economy...then compare the DR's current economy to the previous adiministration's.
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Written by: Juansantodomingo, 16 Dec 2007 4:38 PM
From: Dominican Republic
This is for El_Mayimbe:

The problem with the overvalued peso/stable economy corrollary is that when the peso eventually falls (and it will), it will fall with a huge financial shock. You cannot build real stability when you have a time bomb set to blow up without warning everything you've built. Don't worry though, the guys with real money are waiting in the bushes to buy everything at firesale prices when that bomb explodes. Read your history. Who won and who lost when the last bomb exploded? Did any of the wealthy families suffer much or did they get wealthier. We are such suckers for punishment. Is it not more reasonable to deal with a realistically priced peso and face the music by building real wealth than living in fantasyland beyond your means? When we go to work we give real sweat. When we get paid for that sweat we get pieces of paper that don't match in value what we gave in sweat. Is it too much to ask. The stable economy you speak of has a short shelf life.
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Written by: dreadlocks, 16 Dec 2007 9:04 PM
From: United States
the African nations which gained their independence in the 1960s had one thing in common; their politics were urban based. government policies were undertaken to gratify the city dwellers. farm prices were depressed so that city dwellers could enjoy cheap food. the currencies were overvalued, so that imports became cheaper. city slickers could buy expensive automobiles and designer clothes, and all other imported trappings of wealth. the ranks of the civil service also swelled. to maintain an artificially high currency, the nations all went on borrowing binges. when investors began to lose faith in the currencies, they had to offer exhorbitant rates of interest to attract investment. eventually, the currecies collapsed with disastrous results, as happened also in argentina. i see a parallel here. the PLD is urban based. as soon as Leonel took office, the peso became overvalued.( i know, the IMF was also in the mix). farm production has declined. there are more expensive foreign autos
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Written by: dreadlocks, 16 Dec 2007 9:09 PM
From: United States
than ever before. the foreign debt is through the roof. there are more civil service employees than ever before. all the signs that were evident in africa. so, Juansantodomingo is justified in predicting a calamitous collapse of the currency. an overvalued currency amounts to exporting inflation to trading partners, and the longer it remains that way, the more pronounced the distortions become. so if Mayimbe thinks we have a stable economy, i suggest he should rethink his position
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