Santo Domingo.- Dominican Republic’s Social Security Treasury (TSS) reached RD$100 billion (US$2.9 billion) in revenues today, said its treasurer Henry Sahdalá yesterday, adding that it’s a very significant figure because in the system’s the first year, 2003, it collected only RD$1.8 billion.

The goal for 2011 is to double that number, he said, and expects from RD$37 to RD$38 billion for 2009, although the goal is RD$40 billion.

The official said it’s impressive that the system already boasts those figures when it turns just six years this month, from the quotas paid by 1.19 million workers, and their employers.

Sahdalá said those quotas result from on worker and employer confidence, allowing them to be discounted in the payroll, and noted that it’s a combination of a simple, and unprecedented, user-friendly platform that allows easy access to the system.

He said both sectors confide in the Treasury and haven’t questioned its seriousness, transparency and efficiency, despite efforts to discredit it, which he didn’t specify.