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August 15, 2025
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PRM government falls short with some economic goals

PRM government falls short with some economic goals

He Modern Revolutionary Party (PRM) Up this Saturday at Fifth consecutive year at the head of the Executive Power, with a Government program which intended, in economic matters, a series of transformations between August 2020 and August 2024 in sectors such as electricity, dwellingemployment and industry and Exportsamong others.

The first proposal of PRMentitled “A country for its people”, began establishing a goal of creating 600 thousand formal jobs In four years, reduce Unemployment rate and reverse informality in the labor market. On this sector, the figures show breaches and improvements.

Of the third quarter of 2020 to the same period of 2024, the Formal occupied increased only in 376,293just over half of the goal, from 1,871,211 to 2,247,504. The amount rises to 511,679 new positions, of adding the formal positions created from October of last year to March 2025, according to the most recent data of the Central Bank.

  • In the case of labor market conditions, the first management of the PRM managed to reduce the informality rate by 1.1 percentage points. This indicator went from 56.4 % that registered between July and September from 2020 to 55.3 % to the same period of 2024. The indicator continued to improve, until 53.4 % to the third month of 2025.

Similarly, the unemployment rate registered one improvement from the third quarter of 2020 to a similar date of 2024, falling from 7.1 % to 5.3 %. For the first quarter of the current year the indicator was 4.9 %.

Other goals was to take the Exports to the 16 billion dollars “In the next four years to generate between 400 to 500 thousand jobs“. Five years later the figure has not been reached, the period being the period of greatest shipping from the country abroad, totaling 13,872.1 million dollars.

  • Between January and March of this year the Exports Dominicans added 3,473.9 million dollars, according to the records of the Central Bank.

The plan of Modern Revolutionary Party I did not leave out the theme of the dwelling. For the sector, the proposal, presented in February 2020, contemplated to increase the housing offer in at least 15 thousand units In that first government management.

A five -year period after that promise, President Luis Abinader has delivered just over 13,000 residences, according to information from the Ministry of Housing and Buildings.

Electricity

The first proposal of the Government Party intended to improve the quality of life of the population, among other things, with permanent electricityraising a series of actions in that sector that included the update and review of the Legal frameworkexpand the generation of renewable energy and improve the distribution and marketing.

“He Modern Revolutionary Party will face and overcome from the government the deep crisis of the electricity sector, based on a long -term comprehensive strategy and includes an immediate actions program in the different subsectors: generation, transmission, distribution and marketingregulation and expansion of renewable energies, “said the document.

Of these measures, some references to the Legal framework and elevated electricity generation from renewable sources, in addition to improvements and expansion in transmission networks.

However, the distribution and marketing of the electric service, in control of three state companiesand that the document of the PRM He points out how the most problematic area has failed to present improvement, especially in the indicators of lossesbeing qualified by President Abinader as “a headache.”

In August 2020, the losses Average of the three distributors were 33.1 %, a figure that at the same month of 2024 was 38.4 %. The authorities had not achieved significant improvements in that indicator to May of this year, being 38.3 %, according to reports from the Ministry of Energy and Mines.

Industries

For him industrial sectorspecifically in the Free zonesone of the proposals of the PRMthat this Saturday up to its fifth year of presidential mandate, included the creation of 100 thousand additional jobs In a period of four years.

However, the sector only created 25,198 jobs between the closure of 2020 and 2024, according to the records of the National Council of Free zones export, from 168,200 to 193,398 during that period.

Although the Government Party presented its Plan for the period 2024-2028this work was based on its first document for the best analysis of the goals proposals. Similarly, it is remembered that the Modern Revolutionary Party assumed power in the middle of the Covid-19 pandemia.

Journalist specialized in economics and finance. Since 2012, he exercises the profession in various media.

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