Collections barely grow 1.8% until October 2025

In a year marked by a slowdown in domestic demand that will impact growth of just 2.3% at the end of 2025 – lower than the 4.0% estimated in June by the monetary authorities–, the State has also received less income than it expected.

Until October of this year, the state income had been promoted to 1 billion 6,479.8 million of pesos, for a growth of just 1.8% compared to January-October 2024, of 988,868.4 million pesos.

Although these additional 17,611.4 million pesos made it possible to meet 99.2% of the established goal, the income was “less than estimated” in the reformulated budget approved in August 2025, according to the Central Bank of the Dominican Republic (BCRD).

In its recent monetary policy report, the institution explains that this result was conditioned, to a certain extent, “by the statistical incidence associated with the extraordinary resources received in 2024″.

He also points out that the state expenditures They exhibited a year-on-year increase of 7.8% as of October 2025, with capital spending of just 2.0% of gross domestic product (GDP), although it is estimated to increase up to 2.7% of GDP before the end of the year.

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Less ITBIS

He BCRD observed that the tax on the transfer of industrialized goods and services (ITBIS), as well as the excise taxespresented growth rates that were “below their historical averages” in the period analyzed.

These are liens with a greater link to the economic activitywhich has been slowing down over the course of 2025, with a contraction in sectors such as construction (-2.5%), local manufacturing (-1.4%) and free zone manufacturing (-1.5%) until October.

In this period, ITBIS collection reached 179,075.1 million–3.3% more than the 173,370 million from last January-October, representing 780.2 million less than the 179,855.3 million estimated in the reformulated budget and 13,631 million less than the 192,706.1 million pesos that were expected according to the initial budget, according to the General Directorate of Internal Taxes (DGII).

However, the reduction in income from the ITBIS and the excise taxes were partially offset by capital gains – with operations not originally contemplated – as well as an increase in mining collectionssays the monetary entity.

Regarding the latter, the rise in gold prices in international markets made the mining sector will contribute a total of 29,786.1 million at collections until October of this year, 140% more than in the same period last year – 12,412.8 million pesos.

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