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Money to be lent for Christmas bonus

The Chamber of Deputies has approved a proposal in two consecutive readings to authorize the Banco de Reservas to grant a loan for RD$1.2 billion to enable the local councils and similar institutions to pay their employees the Christmas bonus. The city governments are required by law to allocate the funds in their budget, but it has become customary for several city governments to request government authorization to borrow the money at the end of the year, apparently after having spent the originally allocated money. An editorial published today in Diario Libre makes this point. The proposal was sent with urgency by the Executive Branch and presented by the president of the lower chamber, Lucia Medina. It will now immediately go to the Senate, which could approve it in their next session.

Source: DR1, Diariolibre

Dec 2, 2015

Category: DR News |

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Last updated March 25, 2017 at 5:40 PM
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