Santo Domingo.- President Danilo Medina yesterday said the 2013 Budget will be submitted October 1 as the Constitution mandates, to provide time to discuss a tax reform, which in his view would take around two weeks.
"Right now we are committed to develop a tax reform and a new agreement with the International Monetary Fund," said the head of state.
The President, who said after the talks toward a tax reform concludes the government would submit the Budget to Congress, didn’t reveal the amount. The 2012 budget topped RD$436.0 billion.
Although the Constitution calls for the Presidency to submit to Congress the Budget Draft not later than October first each year, “the deputies and senators have the power of being able to change with less than two-thirds on a subsequent date.”
Medina returned to the country after attending the UN General Assembly in New York.