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Budget director Luis Hernandez, Treasury minister Vicente Bengoa, Pedernales senator Dioni Sanchez announced the agreement which led to the approval of the piece.
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SANTO DOMINGO. - The Senate declared urgent the bill for the 2011 Budget of RD$390 billion (US$10.0 billion) and approved it in two consecutive roll calls around Friday noon, with 24 votes to 3, as senators from Peravia province Wilton Guerrero; from Espaillat, Jose Rafael Vargas, and from Monte Plata, Charlie Mariotti.

The piece was approved with changes to earmark allotments for the Constitutional Court, the Superior Electoral Court and the Ombudsperson.

The 2011 Budget and was formulated based on a 4.50% average rate of inflation, an average projected exchange rate of 39 pesos per dollar, and an average crude price of US$84.50 per barrel.

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COMMENTS
15 comment(s)
Written by: matador, 10 Dec 2010 3:33 PM
From: United States, www.brugal-ron.com/home.php
Yeahhh Corruption never stop.
Written by: telemeco, 10 Dec 2010 3:33 PM
From: Dominican Republic, Monte Plata
10.0 Billion
Armed force get ?
Goberment agencies get?
Education get ?

Who have the real budget ?
Written by: Ricardolito, 10 Dec 2010 4:06 PM
From: Dominican Republic, vieja Santo Domingo
If you look at the asumptions behind the budget , I would be a little worried about the 4,5 % inflation rate but I know that no government likes to assume more as it would be an admission of failure to contain it .
Written by: lovingit, 10 Dec 2010 5:19 PM
From: United States, Delaware
Funny, some of the major World Banks have Operating Budgets at or past that 10 Billion Mark.
Written by: Ricardolito, 10 Dec 2010 5:24 PM
From: Dominican Republic, vieja Santo Domingo
YES ,,the Dominican economy is not that large and you wonder how such a small economy could justify so many people in the congress and senate and such ludicrously high wages .
Written by: Rainman, 10 Dec 2010 5:28 PM
From: United States
see they are missing one asumption average CORRUPTION that should also be considered if they want an accurate budget
Written by: TheTruth, 10 Dec 2010 6:13 PM
From: United States, Boston
1000 dollars for every man woman and child in the Dom Rep if they really spent it that way.
Written by: PuntaCanaMike, 10 Dec 2010 7:17 PM
From: Dominican Republic
Interesting that given the great times we are having according to many who think that we are all part of the education system here....39 peso to the dollar? That is a further 8% decrease in the buying power of the peso, and with inflation of 4+% ...not looking good for the everyday Dominican earning $200 a month.

Since the military does not work...just look at the performance over the past couple of years...lets reallocate that money into education! They get enough from the drug trade anyways!

Written by: juanb, 11 Dec 2010 12:35 AM
From: Dominican Republic

Same s___. Different day.
Written by: canadafriend, 11 Dec 2010 4:16 AM
From: Canada
10 billion! What will the loss be??? In the "red" by 5 billion???
Written by: ateo2010 This user is banned, 11 Dec 2010 4:27 AM
From: Dominican Republic, Owning Noobs
this is insane we need to boycott the fakin gov't
Written by: Ricardolito, 11 Dec 2010 9:50 AM
From: Dominican Republic, vieja Santo Domingo
Why is it insane..it is peanuts to most countries and it is a well balanced budget ,,although still not enough for education and too much for the politicians
Written by: ZonaDominicana, 11 Dec 2010 7:46 PM
From: United States, Orange County, California
Hi, I would like to know where can I fin information of previous years budgets.
Written by: martingarata, 12 Dec 2010 12:03 AM
From: Dominican Republic
Today's news, the approved a bill to reduce the education budget for this period

http://hoy.com.do/el-pais/2010/12....derogan-ley-fija-4-para-Educacion

First, the GIP is valued to increase in 11% next year, and now education gets trash away.
You want the money to complete the 4%,, then eliminate the unnecessary benefits of politians

http://hoy.com.do/el-pais/2008/1/....allasobre-beneficios-de-senadores
http://hoy.com.do/el-pais/2010/8/....raneo-aumento-de-sueldo-senadores
Written by: Perez, 13 Dec 2010 4:42 PM
From: Dominican Republic
Actually the worse guys are the ones that lends the money to the Gov't!!! Don;t they ever wonder y the gov't always asks for money??? How about what the gov't do with the money???
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