Reinaldo Pared receives the bill from Economy minister Vicente Bengoa.
SANTO DOMINGO.- President Leonel Fernandez sent the bill for the 2010 Budget to Congress yesterday, which earmarks 27.4% of the RD$378.9 billion for capital expenses, and the remaining 72.6% for current expenses.
It includes a freeze on Government worker wages and its payroll, a reduction of the electrical sector’s subsidy, and bans government agencies from buying vehicles and office equipment, except the Police and the Health, Education and Agriculture ministries
“The investment projects are prioritized so the Government can accomplish the intensive programs in manpower, to increase the added demand and activate the economy, maintaining the benefits obtained by the lower income social sectors, according to the commitments of the Objectives the Millennium,” said Fernandez in the bill’s attached letter read by Senate president Reinaldo Pared.
The chief executive justifies the spending on capital expenses and the prioritizing of those projects, alleging that they seek to increase their quality.
Electrical sector
In 2010 the Government plans to spend RD$14.5 billion in the electrical sector, for which the bill stipulates that the Social Cabinet will apply the electrical energy subsidy for homes through the program “Bono-Luz (light bond).
From: Dominican Republic, No Spin Zone
2 for me 1 for you
From: United States
There is so much corruption and theft of public funds by our own leaders we need an outside source to come in and audit everything for a true picture of what is going on. If LF was truly transparent and not just speaking the words we could have some major budget cuts and bring our country into the 21st century. There is no reason for those people to be paid such absurd salaries and given so many employees to help them and pay them absurd wages too. Give them each one reasonable wage and a required list of tasks for their job title. If you want to hire your friends and family it comes out of your pay. No more tax free imports either. You pay like the rest of us. My own country is an international disgrace and a failed state.....Makes me sick.
From: United States
as more and more references to GDP increase hit the media, it is instructive to examine this figure. the GDP is made up of four main components, namely
CONSUMPTION
INVESTMENT
NET EXPORTS
GOVERNMENT SPENDING
hmmm...almost 3 quarters of the budgetary spending in the country is done by the government. so, given the legendary proclivity for pilferage, mismanagement, and frivolous initiatives, the GDP figures do not tell the whole story.
Written by: josean, 25 Nov 2009 12:51 PM
From: United States
"bring our country into the 21st century"
VeronicaDR,
At this point I would be happy with the 20th Centuty!
From: United States, Brooklyn
We need more safety nets... to produce more (Increase GDP) with locally made materials and put a sock on imports...
I have seen in Europe and in the US streets made out of stone and cement... Why on god's green earth are we buy oil (misspending) to pave street we all we need is cement which is not as expesive or are difficult to obtain as oil????
From: United States, Brooklyn
Dreadsy you are talking about aggregate demand... it's not the only compent to the DR out of the shit mess it's in!
1. Less imports (High Tariffs)
2. Higher Wages
3. No Haitians (Undermine dominican salary)
4. Army (useless members to be transfer to Cesfront)
5. Cesfront (at 10,000 men can guard the border well)
6. Freedom of the press (An essential aspect of a functioning democracy) Long Live Nuria!
7. More social work (development)
8. Fixing of the electricity problem with a sound plan ( Even if it takes 20 years to materialize)
9. Increase G (GDP - Government) by building desperately needed house and sewers around the country
10. Increase education spending and teachers (social workers) living standard.
11. Lower interest rate to encourage borrowing and therefore increase GDP (money supply) without inflation (to be checked like a hawk)
12. To make the army more foreign focus (rather than a paramilitary to suppress our people)
From: United States, Brooklyn
13. Make the police force more civic oriented
14. to improve mechanism to flush out corruption (Government officials Watchout)
Amartya Sen wrote a book called DEVELOPEMENT AS FREEDOM... I encourage any of my compatriots to read it! Until DR develops a society that can properly address the needs of the people, however ignorant they might be, we will not have true development (FREEDOM)
Written by: Escott, 25 Nov 2009 3:37 PM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
Hah, get rid of the Haitians and how are you going to get an honest days work?
What a joke.
Written by: juanb, 25 Nov 2009 3:45 PM
From: Dominican Republic
Dread:
I think you and others completely misunderstand these numbers. If, as they state, the government takes 72% of the GDP that means that the actual expenses are probably 62% of the GDP and they are probably stealing the other 10%.
Written by: BASTA, 25 Nov 2009 9:44 PM
From: Dominican Republic, =Ghetto/Legalize Drugs
VeronicaDR, tis a sad fact = happy Thanksgiving
From: United States
thanks for the info, juanb. i stand corrected, and rightfully so.
From: Dominican Republic, No Spin Zone
Go back to the " Old Magic 8 Ball " dread it has proven to be in your hands far more accurate than your many other financial predictions of gloom and doom .....you dont want to go there..... Mister in the Crapper with the whole society prediction
From: United States
the big difference between you and i in this matter of predictions is that sometimes i am right, other times wrong. you are always wrong. why , you ask? maybe, because you know less about economics than you do about the dog star. you rely entirely on insults and ad hominems, being a completely limited man in academic affairs. there is more to knowledge than wine and cigars, in case it escaped you.
From: Dominican Republic, No Spin Zone
the collapse of Dominican tourism prediction the one you gloated on and thrilled at the possibility ...you were dead wrong .....I said tourism down 10% I was dead right .....I was close and I get the cigar
From: United States
you mean you smoked the cigar. you just did not disclose the contents. tourism down 10%? says who/ show me the data, if you can. why don't you tell that to the people in playa dorada, where hotels are closing left and right? people do not close a facility because of a 10% falloff in revenues. tell that to the guys at the Riu hotels, who have not seen a tourist in weeks. tell that to the owners of gift shops all along the north coast, some of whom have told me that business is off 60%. that includes the mighty cabarete, where there is nary a tourist for miles. Sosua? nope. just the sex mongers. so, Blutarsky, take the cigar and shove it. and give me a release which says 10%. i said 35%, and i stick by it.
From: Dominican Republic, No Spin Zone
they would release the hounds on you if you even approached anyone who knew .....your STATS ???are anecdotal at best from disgruntled employees and moto conch operators in the most tired tourism area on the island .POP...................Punta Cana ,Cap Cana etc these places where you are not welcome nor have you ever been ...yet you speak with the authority of the Mugabe Afro Nazi Institute a discredited group of Wackos ....No there will be no collapse No the workers will not be coming over the walls No there will be no re distribution .....and you the biggest victim of all will not be dealt a better hand ....You must realize dread only work will set you free not whining and complaining
From: United States
none of the ad hominems contain the data i asked you for. so, you can blather on as much as you like. and, i have no interest in Punta Cana, Cap Cana, or any of the other places that you declare me unwelcome. i did not leave the united states to come here and carouse with gringo. and, as for Bob Mugabe. well, he might be extreme in certain respects, but he is merely taking back what was stolen in the first place. as we say in the Caribbean "when you steal from a thief, it makes God smile". right now, he is laughing upropariously
From: Dominican Republic, No Spin Zone
but what about your chalk and cheese dread ......that down island BWI/Caricom jive is not selling in the Spanish Antilles .....you more from afar than the Gringos and..." you can never go home again "
From: Dominican Republic, No Spin Zone
Now dread dont be bangin on that African drum to loud we just need it for the background
From: United States
nobody is trying to sell anything in the spanish antilles. just as nobody is buying anything from them. each territory has its own aspects, and its own results. the BWI has still produced the more stable, advanced, progressive territories in this part of the world, such as the Bahamas. even Puerto Rico, with all its american money, is a backwater compared to the aforementioned Bahamas. so, in your dementia, you may disagree, but not with the use of facts. so, toss a few more insults. it changes nothing, and just serves to show what you really are
From: Dominican Republic, No Spin Zone
the Bahamas the Ba hahahahahamas ?
From: United States
"When evil men plot, good men must plan.
When evil men burn and bomb, good men
must build and bind.
When evil men shout ugly words of hatred,
good men must commit themselves to the
glories of love.
Where evil men would seek to perpetuate an unjust status quo,
good men must seek to bring into being
a real order of justice."
Rev. Dr. Martin Luther King, Jr.
i sent that for you , Blutarsky, especially the last sentence
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CONSUMPTION
INVESTMENT
NET EXPORTS
GOVERNMENT SPENDING
hmmm...almost 3 quarters of the budgetary spending in the country is done by the government. so, given the legendary proclivity for pilferage, mismanagement, and frivolous initiatives, the GDP figures do not tell the whole story.
VeronicaDR,
At this point I would be happy with the 20th Centuty!
We need more safety nets... to produce more (Increase GDP) with locally made materials and put a sock on imports...
I have seen in Europe and in the US streets made out of stone and cement... Why on god's green earth are we buy oil (misspending) to pave street we all we need is cement which is not as expesive or are difficult to obtain as oil????
1. Less imports (High Tariffs)
2. Higher Wages
3. No Haitians (Undermine dominican salary)
4. Army (useless members to be transfer to Cesfront)
5. Cesfront (at 10,000 men can guard the border well)
6. Freedom of the press (An essential aspect of a functioning democracy) Long Live Nuria!
7. More social work (development)
8. Fixing of the electricity problem with a sound plan ( Even if it takes 20 years to materialize)
9. Increase G (GDP - Government) by building desperately needed house and sewers around the country
10. Increase education spending and teachers (social workers) living standard.
11. Lower interest rate to encourage borrowing and therefore increase GDP (money supply) without inflation (to be checked like a hawk)
12. To make the army more foreign focus (rather than a paramilitary to suppress our people)
14. to improve mechanism to flush out corruption (Government officials Watchout)
Amartya Sen wrote a book called DEVELOPEMENT AS FREEDOM... I encourage any of my compatriots to read it! Until DR develops a society that can properly address the needs of the people, however ignorant they might be, we will not have true development (FREEDOM)
What a joke.
I think you and others completely misunderstand these numbers. If, as they state, the government takes 72% of the GDP that means that the actual expenses are probably 62% of the GDP and they are probably stealing the other 10%.
When evil men burn and bomb, good men
must build and bind.
When evil men shout ugly words of hatred,
good men must commit themselves to the
glories of love.
Where evil men would seek to perpetuate an unjust status quo,
good men must seek to bring into being
a real order of justice."
Rev. Dr. Martin Luther King, Jr.
i sent that for you , Blutarsky, especially the last sentence