Santo Domingo.- It’s too early to state an opinion on a possible tax reform when its contents are yet to be known, said Senate president Reinaldo Pared Wednesday, but noted something that’s clear: "We must tighten our belts."
He said you can’t prejudge a possible tax reform because that would be "getting ahead of yourself."
"I personally think Dominican Republic’s current situation means we must tighten our belts, as the government has began doing with a series of measures President Danilo Medina implemented by decree."
On a possible elimination of tax breaks the lawmaker said everything will depend on the results of the agreement with the International Monetary Fund (IMF) and the type of pact the government agrees upon.
Pared said an agreement with the IMF is imminent because the government needs funds to fulfill some pledges such as 4% of the GDP for education, so students can be taught with better quality.