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Education the big winner in Dominican Republic US$13.3B Budget

Santo Domingo.- President Danilo Medina yesterday submitted a proposed 2013 Budget of RD$530.8 billion (US$13.3 billion), via the Senate, RD$14 billion higher than what the National Palace announced last week, an increase that reflects the estimated revenue from the tax reform.

Senate president Reinaldo Pared named a joint commission headed by his colleague Dionis Sanchez and deputy Jose Ramon Cabrera, who will begin to study initiative today.

Finance minister Simon Lizardo, and Budget firector Luis Reyes delivered the budget to the Senate, whose changes include an increase to the Judiciary’s budget, raising its allocation to RD$4.5 billion, from this year’s RD$3.3 billion.

Congress will receive RD$5.7 billion, the Presidency, RD$40.1 billion and the Education Ministry RD$99.6 billion, nearly doubling this year’s funds.

Medina explains

Medina’s letter to Congress says the 2013 budget is in keeping with the promises contained in his government program, especially the allocation of 4% of GDP for the pre-university education, the funding to incorporate 450,000 people to the subsidized social security formula, the catastrophic illness program and the addition of 45,000 new members to the social protection programs.

Source: DT

Category: DR News |

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Last updated March 24, 2017 at 2:14 PM
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