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Dominican economy doesn’t make enough dollars to meet demand

Santo Domingo.- Economy minister Isidoro Santana on Wednesday acknowledged that the Dominican economy doesn’t produce enough dollars to meet the demand by productive sectors and affirmed that the current economic model is obsolete.

“It’s been quite a long since the country does not produce the necessary dollars; it’s a major importer of capital and that’s why certain situations arise,” he said.

Santana responded to insistent complaints of scarce dollars by Herrera Industrial Association (AEIH) president Antonio Taveras.

He said he agrees with Taveras on the need to change the country’s production model to respond to that situation.

He noted however that it requires institutional transformation and introducing major changes in policies. “We will work for that.”

Taveras and Santana spoke with journalists at a meeting hosted by the AEIH to discuss the points included in the proposed tax reform.

“We want to develop our proposed tax revolution to present it when the call is made,” Taveras said.

Source: DT

Oct 13, 2016

Category: DR News |

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