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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.

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COMMENTS
8 comment(s)
Written by: Ricardolito, 13 Jul 2012 8:42 AM
From: Dominican Republic, calle A.Portes
The only positive thing I can say is that Danilo will now have every good reason to bring in austerity measures and introduce efficiencies
Written by: bernies, 13 Jul 2012 9:51 AM
From: United States, key west fl
It doesn't matter if they have passed this bill because ones Danilo gets in he will not go along with the loan and will also have his on team looking into old government contracts with private companies to make sure that they follow the law. Hopefully he will do something for this country or we will be dume to hell.
Written by: josean, 13 Jul 2012 9:57 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


Quite the Opposite!

They rushed the passing of this THIEVERY now, so Danilo will have the excuse this was done before I got into Office, in fact I was out of the Country at the time, so don’t blame me!!


Written by: josean, 13 Jul 2012 9:59 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


"Hopefully he will do something for this country or we will be dume to hell."


"My money would be on Doomed to Hell!"


Written by: juanb, 13 Jul 2012 10:27 AM
From: Dominican Republic


We get the government we deserve.

We're screwed.
Written by: Yucahu, 13 Jul 2012 12:43 PM
From: United States, Miami
Muy muy muy malo!
Written by: josean, 13 Jul 2012 12:45 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016

¡Querían Moraó Cojan Moraó!


Written by: josean, 14 Jul 2012 7:53 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


Lie-onel Fernandez’s Eleventh Hour Borrowing is an Economic Straight Jacket on Danilo!

“Loans for US$ 290 MM approved by deputies are condemn”

“Meanwhile, Economist Guillermo Caram said that these loans amounting to a total of $ 290 million would mean a restriction for the incoming Government.”

noticiassin.com/2012/07/condenan-prestamos-por-us290-mm-aprobados-por-diputados/


Another Stab in the Back of Danilo by Lie-onel!



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