SANTO DOMINGO.- Ignacio Mendez, a transition Task Force member for Danilo Medina’s incoming Administration Monday said they have plans to cut government spending.
"We’re reviewing the amount on priority spending and non-priority expenses deemed unnecessary and will have to be left for another time," the business leader said.
Economists and business leaders cited by diariolibre.com suggest cutting costs as the first step new ruling PLD party’s new administration should take, as the Spanish government did with the fiscal adjustment.
They said Dominican Republic’s projected deficit that could surpass RD$100.0 billion at yearend is cause for concern.
They recommend the country "look into Spain’s mirror" and, as that country's president Mariano Rajoy did, find a solution to the economic crisis, suspending the Christmas bonus to staff earning more than RD$5,000, and eliminate posts “as parasitic as deputy ministers, advisers and assistants.”
"The reality of Spain is very particular and our reality is very different. All I can say is that as Danilo has said repeatedly in the campaign that he will comply with what the law says on the topic of appointments in public office. Obviously, he is the President, and the one who designates is he. If you read between the lines, if he will adhere to the law and the law says how many ministers and deputy ministers there are, there are the answers," Mendez said.