The fiscal sacrifice that the government will have to assume in the event that the bill that seeks to establish a zero rate for some 67 subheadings of the basic basket would be equivalent, in six months, to some 267 million pesos.
This would have been explained by Martín Zapata, deputy minister of tax policies of the Ministry of Finance, during a meeting with the members of the special commission of the Chamber of Deputies that studies the piece, according to what was revealed by its president, Francisco Javier Paulino and the deputy José -Bertico- Santana.
“What the Ministry of Finance has stated is that the fiscal cost that they were going to assume as a result of the reduction in the tariff or zero rate is about 267 million pesos,” explained Paulino.
Sectors question
Members of the National Confederation of Agricultural Producers (Confenagro) and the Dominican Poultry Association (ADA) questioned the proposal presented by the Executive power and they warned about the consequences that this law could cause in the productive sectors.
Pelegrín Castillo, from Confenagro, considered that the formula proposed from the Executive power “was not necessarily the best” and expressed that they would propose other alternatives to ensure food security in the country.
While Gregory Marte, from the ADA, specified that no study has been carried out to show that this initiative will contribute to reducing food prices.
Other sectors such as the Dominican Association of Milk Producers (Aproleche) presented observations.
