The National Treasury reported today that the Treasury obtained more than 1,000 million pesos in the first half of this year for returns generated by managing account balances, “which positively impacted the liquidity of public finances.”
He explained that, for the Surplus Management account in the Central Bank, the benefits were 514,711,456 pesos, and for the Single Account through the Reserve Bank 503,078,562 pesos, for a total of 1,017,790,019 pesos.
“In compliance with the functions established in article 8, numeral 11 of Law 567-05, of National Treasurywhich authorizes the allocation of financial resources from the Treasury and the appropriate market operations, we present to the country these data that show the results of the effort to integrate cash management with an efficient strategy for the allocation of excess liquidity” , said Luis Rafael Delgado Sánchez, national treasurer, through a press release.
He argued that these results, obtained from January to June 2022, “show the management carried out to improve the liquidity of the National Treasuryminimizing the risk and thus being able to face the short-term obligations of the Dominican State”.
He said that since he arrived at the institution he has focused on “efficiently managing the Treasury’s resources, taking into account the expected flows of income, financing and expenses.”
Also, proactively carry out the monitoring and evaluation of the execution of the Annual Cash Programming, as a way of positively impacting public finances.
