The National Association of Young Entrepreneurs (ANJE) sees the results of the fiscal closure of public finances in 2021 as a good sign and as an important milestone to continue with the Dominican economic recovery.
With the increase in collections by 12.7% compared to what was initially budgeted, a better level of planning was evidenced in terms of spending and income,” said the organization, through a press release.
In addition, he maintained, the capital expenditure, in accordance with the initial budget, was 100% executed. “These situations demonstrated levels of budgetary discipline resulting in the reduction of the fiscal deficit by approximately RD$15,000 million, from the reformulated budget of RD$159,846 million to RD$144,778.6 million, equal to 2.7% of GDP at the end of the year.
“The efforts of the current government management to streamline and rigorously plan public spending are indicators that will have a positive impact on the business climate and on the competitiveness levels of the Dominican Republic,” said Luis Manuel Pellerano, president of ANJE. He added that “although debt levels continue to be high, it is important to highlight that the 2021 Reformulated Budget had lower financing needs than the initial budget.”
