Santo Domingo.- The approval of the supplementary budget has shocked the young business leaders grouped in ANJE, which yesterday requested the repeal of the measure passed by the Senate, since in its view would complicate the country's fiscal situation and hinder the new administration’s negotiations with international organizations.
ANJE president Manuel Cabral and other executives said there’s a real concern the supplementary budget passed by the Senate will skyrocket government spending by RD$71.0 billion and increase the GDP deficit from 1% to 5%.
Cabral said the measure caught public opinion by surprise and could bring unfavorable consequences for the Dominican economy.
In an interviewed by hoy.com.do, the ANJE leaders called the legislators’ approval of the piece “without first debating it, "irresponsibility.”
He added that under the bill’s provisions, the fiscal deficit would surpass RD $100.0 billion, taking into account government revenue of around RD$20 billion below what was budgeted.