Santo Domingo.- José Paliza, Minister of the Presidency, reported at the end of the Council of Ministers of the Government that the economic team “will promptly report on some acceptable alternatives and a reprogramming for certain specific projects underway.”
This comes after the withdrawal of the Fiscal Modernization Bill. Paliza called for calm, ensuring that “despite fiscal limitations, President Abinader has managed to maintain progress.”
He also noted that the meeting evaluated the country’s economic profile, highlighting that the Dominican Republic “is the fastest growing country in Latin America.”
According to his statements, the country has grown 5.6% until August, with inflation remaining within the established goal of 4% plus minus 1% in accordance with the Central Bank’s projections.
He highlighted the stability in formal employment and the strengths of international reserves, which exceed 14 million dollars, while the accumulated deficit is barely 1.4% of the Gross Domestic Product (GDP), which if compared to the year before the same week, they are in the same percentage.
“A very positive note because unlike last year, this is an electoral year and it is customary in previous governments to abuse public finances in electoral times to use government platforms to provide political profitability,” the minister emphasized.
He reported that at the international level, the nation has climbed positions in various indicators of transparency and justice, according to the indices of Transparency International and the World Economic Forum, the country has improved 61 positions in justice, 29.
