The Executive Branch, through the Treasurydeposited this Friday, September 27, before the National Congress the draft General State Budget Law for 2025which includes expenses of one billion 484,234.6 million pesos, thus marking the beginning of the recently announced proposal for the restructuring and rationalization of the public administration.
In terms of income, the Government estimates that these amount to one billion 241,364.7 million pesos, representing 15.3% of the gross domestic product (GDP), “thanks to the administrative efforts to raise the level of compliance with tax obligations and the maintenance of the favorable macroeconomic context.”
Through a press release released this Saturday morning, the Treasury explains that, regarding spending, the amount of which is equivalent to 18.3% of the estimated GDP, The budget’s primary objective is to ensure the inclusive and sustainable development of the countrygiving priority to the essential needs of citizens, such as:
- Health
- Education
- Employment
- Social assistance
- Transport
- Security
Given the scenario of institutional integration of the educational systemthe document contemplates a resource allocation of 4.10% of GDP to the governing bodies of the sector, a measure that will facilitate the implementation of comprehensive educational policies, eliminating the fragmentation that currently hinders coordination between the various levels of education.
“We are making the use of resources more efficient, reducing the current expense derived from the duplication of functions and guaranteeing an adequate investment in capital to provide quality educational environments”, states the Executive in its letter transmitting the Budget.
Proposal
Likewise, it includes the reinforcement of the economic services With the promotion of tourism development projects in strategic geographical points, it provides the resources to continue the construction of an integrated transportation system in Santiago and Santo Domingo and reaffirms the Government’s commitment to citizen security, allocating the necessary resources to accentuate the reform. police.
“The 2025 spending policy prioritizes social inclusion and the quality of life of Dominican families, protecting their consumption capacity and their livelihoods. In social protection, the reach of one and a half million vulnerable families beneficiaries of the Supérate program will be maintained, reducing social inequality and multidimensional poverty,” the document states.
The project of General State Budget For next year, it proposes a fiscal deficit of 242,869.9 million pesos, equivalent to 3.0% of GDP, which means sustaining the reduction of the public deficit.
Through the press release it is explained that the document is aligned with the guidelines of Law 35-24 of Fiscal Responsibility of State Institutions and complies with the fiscal rule of primary expenditure established in said regulatory framework.
“This strategy seeks to ensure efficiency in the allocation of public resources and avoid an increase in the deficit, contributing to a tax management more transparent and sustainable over time,” highlighted the Minister of Finance, Jochi Vicente.
The projected fiscal result and the planned financial applications imply financial sources which amount to 350,990.4 million pesos, equivalent to 4.3% of GDP, lower than what was observed in previous years.
