The Government navigated during the first three quarters of the year with the wind in its favor in terms of income and with controlled speed in terms of expenses.
Current income performed so well that it made it possible to offset, with a favorable global balance, the fall in capital income, which was down 56.7 percent compared to the contribution of the first nine months of 2021.
Between January-September 2022, the Government received income of RD$708,970.7 million, a figure that represented an increase of 14.9%, equal to RD$92,102.6 million, compared to the same period of the previous year and 8.2%, that is, RD$53,887.5 million. , with respect to the estimated amount for these first nine months of the year.
In a report on budget execution for the period January-September 2022, the General Budget Directorate (Digepres) breaks down the global value received by the treasury in that period at RD$704,850.0 million for current income, while capital income and Donations received amounted to RD$3,509.7 million and RD$611.0 million, respectively.
He explains that the behavior of tax revenues responds to the considerable recovery of the Dominican economy, despite continuing to fight the negative effects caused by the war between Russia and Ukraine.
Meanwhile, the current income of the Government totaled RD$704,850.0 million, which reflects an increase of 15.9%, equal to RD$96,504.9 million compared to the same period of 2021. The level of compliance was 115.5% of the estimate, which was RD$610,496.2 millions.
The Digepres highlights in its report that the behavior of collections was due 92.9% to taxes, with an absolute value of RD$655,043.2 million, and 3.1% to sales of goods and services, which contributed RD$21,541.7 million. Also, 2.0% of the total amount originated from property income, for a value of RD$14,021.2 million; 0.6% equivalent to RD$4,012 million to contributions to social security, 0.1%, with a value of RD$1,001.1 million, corresponded to current transfers received, 0.1% in fines and pecuniary sanctions, which contributed RD$961.1 million. The remaining 1.2% of The income came from the other concepts that make up the current income, a contribution of RD$8,269.6 million.
Of the amount collected by taxes, the report highlights that “the most representative are the taxes on industrialized goods and services (ITBIS) for RD$233,361.1 million, the taxes on the income of companies for RD$105,809.8 million, the taxes on income from of salaries for RD$50,757.5 million, customs taxes for RD$37,975.5 million and specific taxes on hydrocarbons, Law 112-00 for RD$33,773.5 million”. Likewise, the resources received from the sale of goods and services amounted to RD$21,541.7 million, mostly from the income received from the Single Treasury Account (CUT).
In 9 months, 68.7% of the Budget was spent
The report of the General Directorate of Budget (Digepres) shows that during the period January-September 2022, the Central Government carried out expenditure operations for a total of RD$727,473.3 million, equivalent to an execution of 68.7% of the current budget, that reach RD$1,059,294.1 million. This execution represents an increase of RD$110,040.5 million, 17.8%, compared to the same period in 2021; and it is distributed 90.5% (RD$658,030.4 million) in current expenses and 9.5% (RD$69,443.0 million) in capital expenses.
