The economist Isidoro Santana considered yesterday that the Government is playing to ensure that an unforeseen situation does not arise, after withdrawing the tax reform from Congress, with which it sought to raise RD$122,000 million.
He maintained that the president Luis Abinader He is not completely convinced of the need to carry out a tax reform, but not his technical team.
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He expressed that in the meantime the Government must forget about many of society’s aspirations in infrastructure and services to citizens.
He criticized that many officials of autonomous institutions understand this autonomy very hesitantly, believing that they have a blank check to spend money without control and earn high salaries. This situation, he said, must be resolved in a tax reform.
He considered that no matter how much money the Central Bank and the electricity distribution companies (Edes) as long as a series of institutional controls are not put in place, this will continue like a snowball.
He expressed that the deficit in the electricity sector will not be resolved by simply subsidizing the Edes, but rather with provisions that charge for the service they provide and make investments to make the service more efficient. “Resources are needed, but also decisions,” he said.
He recalled that when the quasi-fiscal debt was incurred to confront bank fraud, it was RD$110,000 million and now exceeds US$18,000 million.
