Meanwhile he barrel of petroleum is maintained from US$85.00, the Government will continue the fuel subsidy, since that is how it is defined in the State subsidy structure, said yesterday the Minister of Industry and Commerce, Victor -Ito- Bisonó.
Yesterday a barrel of Texas oil closed at US$90.50, up 2.7%.
“As long as a barrel of oil remains between US$85.00 and US$115, we are going to maintain a subsidy, due to budget savings. The subsidy has already reached US$40 billion in the year”, he pointed out.
He pointed out that thanks to the subsidies inflation has been kept under control, which has allowed salaries to have more purchasing power.
Can read: Fuel prices remain unchanged
Support for MSMEs
Bisonó spoke when holding a meeting with merchants, where he reiterated the Government’s support for the micro, small and medium enterprises.
He affirmed that the State is focused on generating the necessary conditions to promote access to new markets for MSMEs, so that it translates into higher levels of sales and productivity.
“We are in a public-private alliance supporting the sector to formalize, digitize with modern tools, in addition to giving them access to loans so that they can relaunch their businesses with their own capital,” he explained.
The minister recalled that with the implementation of the plan for the reactivation of mipymeswhere more than RD$4 billion was made available through the National Council for the Promotion and Support of MSMEs (Promipyme) and other entities, more than RD$13.5 billion in loans have already been granted.
