He Senate approved of urgency modify law 90-24 to increase the limit of public indebtedness at RD $ 10,627,849,013 millions to the previously authorized amount of RD $ 361,618,239,013 millions, which insists on traveling along the thorny road that only leads to precipice economic and financial.
That search rapid resources by placement of sovereign bonds Emprende just when a mission of International Monetary Fund (IMF) advises the government to seek consensus for fiscal reform, reduce subsidies and increase the public investment.
Last year, the Government covered commitments for public debt service (interest payment and capital amortization) ascending to RD $ 263,816.6 million, 20.7 % of income, which will increase significantly by the late 2025.
The majority senatorial which approved increase the limit of the indebtedness Public ignored that to July this year, the debt of the Public Sector Non -financial (SPNF) amounted to US $ 60,885.2 million, equivalent to 46% of Gross Domestic Product (GDP), and the consolidated debt reached US $ 73,000 million, equivalent to 57.5 % of GDP, worrying figures.
The other aspect that must have been taken into account is disproportionality in the execution of the budget National Statewhich barely records less than 2 % in proportion to GDP towards capital investment, while the spent current literally It rises to the stratosphere.
In the reformulation of National Budget 2025, an increase in public spending of RD $ 69,740 million (0.4 % more than initially approved), and RD $ 35,548 million in capital spending (0.4 % of GDP), which adds more RD $ 100,000 million than the Minister of Finance located saved in books or in the bank.
Government nor have they identified the sectors where the resources that would be obtained with the increase in the limit of the indebtedness public, which would barely be more than 168 thousand dollars, so censorship It is the ominous message that is sent to the population In the sense that borrowing is and will be the best remedy for all economic shortcomings.
It does not seem healthy that while IMP advises to promote financial sustainability, reduction of current spending and increased investment of capital, the government applies its majority congress to expand the limit of the indebtedness and be able to get through the placement of some bonds more cents.
