The Minister of Economy, Planning and Development, Pavel Isa Contrerasreported that until last July the government allocated some RD$40,000 million in subsidies to contain the rise in fuel and some staple foods.
“The government is making a huge fiscal effort to contain the rise in prices and fortunately it is having results,” he said.
He specified that inflation in July was lower than that of the previous month and points out that at the end of the year or at the beginning of 2023 it will drop to its normal range.
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However, he said that this situation will depend on what happens in international markets.
“Subsidies are an ethical imperative at a time of significant rise in international food and fuel prices. It is an obligation to protect the poorest, ”she stressed.
The official offered the statements after signing the “Government-Academy Inter-institutional Collaboration Alliance”, with the Autonomous University of Santo Domingo (UASD), Catholic Mother and Teacher (PUCMM), National Pedro Henríquez Ureña (UNPHU) and Ibero-American (UNIBE) , to promote joint studies on the border area.
He stated that the subsidies will be maintained until the situation indicates that they can be withdrawn.
On his side, the Minister of Economy, Pavel Isa Contreras, indicated that boosting the economy of the northern border benefits the entire Dominican Republic.
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He stressed that work is being done in an articulated manner so that the budget moves more and more towards the border, and the border has the same opportunities as all the territories of the country.
The meeting is part of the two-day agenda that Government representatives in the area will exhaust to follow up on the progress of the Manzanillo Development Plan.
