Santo Domingo.- The government subsidy for the electricity bill reached RD$7.4 billion in the first five months, with RD$1.8 billion allocated to the electrical sector just in May to keep the cost unchanged.
Electricity superintendent Juan Bautista Gomez said SIE Resolution 361/2012 will keep the May bill unchanged, even when the index is based on the price of Fuel Oil number 6, which rose 2.3% and the dollar’s monthly average exchange rate, which inched from RD$39.06 a RD$39.08. He said cost of coal remained at US$110.12 per MMBTU.
The Resolution adds that the variations led May’s rate to climb 1.51% higher than April, but the tariff in effect continues being indexed at 44.5% lower, with the electric bill subsidy of more than RD$1.0 billion.
Written by: Atabey, 1 May 2012 2:54 PM
From: United States, NYC
Until all these subsidies are substantially driven down and market rate structures advanced DR will see too much of its investment capital feeding sectors that should be left to the marketplace at the expense of other sectors like education that need more resources.
Written by: Slick, 1 May 2012 3:01 PM
From: Dominican Republic
Well said.
Written by: josean, 1 May 2012 3:21 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
"Well said."
Slick,
What did he say because I don't understand MUMBO JUMBO?
Written by: RoyStone, 1 May 2012 4:12 PM
From: Australia
Why is electricity subsisted anyway?
Written by: juanb, 1 May 2012 5:11 PM
From: Dominican Republic
He said that this inept, corrupt bunch in power will do NOTHING repeat NOTHING to cause prices to rise until after the election.
Written by: airgordo, 1 May 2012 9:41 PM
From: Dominican Republic
and we still want to invest RD$70 BILLIONS on a train from santiago to Santo domingo...
Written by: RoyStone, 1 May 2012 9:48 PM
From: Australia
Can anyone tell me the rationale behind subsidizing electricity consumption?
Written by: juanb, 1 May 2012 10:01 PM
From: Dominican Republic
When you have neither the brains nor the desire to force people to pay for their electricity rather than allowing them to steal it,you wind up having to subsidize the theft.
From: Dominican Republic
juanb
He said that this inept, corrupt bunch in power will do NOTHING repeat NOTHING to cause prices to rise until after the election.
Nice interpretation... I see you speak "over written attempts to show more intellect than is there"....
From: United States
Same old s..it.
Written by: josean, 2 May 2012 1:56 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Here ia another vote buying subsidy:
Deputies get RD$136 million for Mother's Day
According to news reports, Dominican legislators have all but abandoned their legislative work, but taxpayers will still be obliged to an extra RD$136 million for their discretional distribution on Mother's Day, which is celebrated in late May in the Dominican Republic. El Caribe reports that the Chamber of Deputies has only held 10 of its 26 regular sessions, or 39.5% of commitments for these highly paid government officials. El Caribe says the chamber is "more a platform for electoral commentary than a legislative body."
As reported in El Caribe on 27 April, the Chamber of Deputies will distribute 421 articles valued at RD$136,644,256 to its 183 members for subsequent distribution in their communities on Mother's Day, Sunday, 27 May. In addition, the deputies will receive RD$50,000-RD$100,000 in cash to organize the distribution.
continued:
Written by: josean, 2 May 2012 1:57 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
The articles include TV sets, washing machines, stoves, blenders, toasters, fans, mattresses, tableware, dining sets, microwaves, DVDs, irons, ironing boards, glasses and kitchenware, bed sheets, plastic chairs, tables and refrigerators. The Chamber of Deputies issued a tender for the purchase of the items on 23-24 February and it was awarded to the following little known companies: Inversiones Nogal Verde, Almacenes Karaka, Universal de Computos, Multiservicios Hermes, Saicorp Dominicana, Importadora Barbera, Cinco C, Distribuidora Cruz Diaz, Madison Import and Inversiones Ceilan.
DR1
Written by: Atabey, 2 May 2012 7:38 AM
From: United States, NYC
Just remember that this 'government support me mentality" has been well practiced for several generations beginning with at least the Trujillo Dictatorship. The Balaguer Era didn't force through the needed changes, in fact, it utilized the Entitlement offerings and the growing dependency link to its advantage and the overall disadvantages to the State and Nation. And for those that think this merely a small nation or lower development problem, think again. Many of the ex-socialist nations are still.......... caught in it, as are many of the Western European nations. Government handouts have always carried with them the problem of dependency. Richer nations have been able to divert wealth while still... not starving other important sectors. But small developing nations like the DR find it almost impossible to do so without massive support from aboard. DR has to learn to do without many of these market distorting schemes or it will not advance to legitimate fiscal standards
Written by: josean, 2 May 2012 8:41 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Atabey MUMBO JUMBO at its worst!
As usual an overabundance of verbiage to make it look important and give the impression he knows what he is talking about!
Very similar to his Lord and Savior the Bull Shitter Par Excellence, Lie-onel "duck a bottle is coming" Fernandez!
Written by: Atabey, 2 May 2012 3:03 PM
From: United States, NYC
Prepare for another 4 years, Josean, of PLD rule!!!
Son ya casi 7 tasas de caldo que te tomaras. LOL
Written by: josean, 2 May 2012 3:18 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
Still writing nonsense but at least you’re being brief!
Written by: airgordo, 5 May 2012 1:25 AM
From: Dominican Republic
Written by: RoyStone, 1 May 2012 9:48 PM
From: Australia
Can anyone tell me the rationale behind subsidizing electricity consumption?
---
VOTES, they rather pay subsidy for people STEALING the power than lose their votes by doing what the LAW says, the same reason why this IRRESPONSIBLE goverment has the fuel prize FROZEN for six and soon to be seven weeks during the election time since they don't have a clear victory.
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"Well said."
Slick,
What did he say because I don't understand MUMBO JUMBO?
He said that this inept, corrupt bunch in power will do NOTHING repeat NOTHING to cause prices to rise until after the election.
When you have neither the brains nor the desire to force people to pay for their electricity rather than allowing them to steal it,you wind up having to subsidize the theft.
He said that this inept, corrupt bunch in power will do NOTHING repeat NOTHING to cause prices to rise until after the election.
Nice interpretation... I see you speak "over written attempts to show more intellect than is there"....
Here ia another vote buying subsidy:
Deputies get RD$136 million for Mother's Day
According to news reports, Dominican legislators have all but abandoned their legislative work, but taxpayers will still be obliged to an extra RD$136 million for their discretional distribution on Mother's Day, which is celebrated in late May in the Dominican Republic. El Caribe reports that the Chamber of Deputies has only held 10 of its 26 regular sessions, or 39.5% of commitments for these highly paid government officials. El Caribe says the chamber is "more a platform for electoral commentary than a legislative body."
As reported in El Caribe on 27 April, the Chamber of Deputies will distribute 421 articles valued at RD$136,644,256 to its 183 members for subsequent distribution in their communities on Mother's Day, Sunday, 27 May. In addition, the deputies will receive RD$50,000-RD$100,000 in cash to organize the distribution.
continued:
The articles include TV sets, washing machines, stoves, blenders, toasters, fans, mattresses, tableware, dining sets, microwaves, DVDs, irons, ironing boards, glasses and kitchenware, bed sheets, plastic chairs, tables and refrigerators. The Chamber of Deputies issued a tender for the purchase of the items on 23-24 February and it was awarded to the following little known companies: Inversiones Nogal Verde, Almacenes Karaka, Universal de Computos, Multiservicios Hermes, Saicorp Dominicana, Importadora Barbera, Cinco C, Distribuidora Cruz Diaz, Madison Import and Inversiones Ceilan.
DR1
Atabey MUMBO JUMBO at its worst!
As usual an overabundance of verbiage to make it look important and give the impression he knows what he is talking about!
Very similar to his Lord and Savior the Bull Shitter Par Excellence, Lie-onel "duck a bottle is coming" Fernandez!
Son ya casi 7 tasas de caldo que te tomaras. LOL
Still writing nonsense but at least you’re being brief!
From: Australia
Can anyone tell me the rationale behind subsidizing electricity consumption?
---
VOTES, they rather pay subsidy for people STEALING the power than lose their votes by doing what the LAW says, the same reason why this IRRESPONSIBLE goverment has the fuel prize FROZEN for six and soon to be seven weeks during the election time since they don't have a clear victory.