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Government 2014 budget of US$14.8M is US$1.0B more than 2013

Santo Domingo.- The government on Wednesday announced the 2014 budget will total RD$605.7 billion (US$14.8 billion) , or RD$46 billion more than 2013, and said the draft will be sent to Congress on Monday.

In a press conference after a National Palace meeting headed by president Danilo Medina, Economy minister Temistocles Montas said the piece was drafted based on an expected economic growth of 4.5%, or RD$61.6 billion.

He said also taken into account were a 4.5% inflation rate and 44.4 pesos per dollar.

Among the agencies with increased allocation figure the Education and Public Health ministries, the State-owned Electric Utility (CDEEE), the government pensions and Social Security, the bus services (OMSA) and the Judicial Branch.

Source: DT

Category: DR News |

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Last updated October 26, 2016 at 10:54 PM
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