Deputy Luis Henríquez said that his party, PLD, made trust funds in Ciudad Juan Bosch, fields, hospitals. The deputy AlPaís, Pedro Martínez, asked for changes to the piece
The Chamber of Deputies yesterday approved the law that authorizes the Executive power place sovereign bonds as issuance of securities to the public debt for RD$363,257,860,888, equivalent to the deficit that the General State Budget carries this year.
In another vote, the deputies approved a US$100 million loan requested by the Executive Power from the Inter-American Development Bank (IDB)destined to the financing of the Support Program for the Consolidation of an Inclusive Social Protection System in the Dominican Republic.
will be executed by General Directorate of the Supérate Program. In a session that was characterized by denunciations and accusations from the legislators of the opposition to the Government, the deputies approved the first reading of the draft Public Trust Law in the Dominican Republic.
In two separate votes, the legislators of the lower house converted into law the bill of Maritime Commerce of the Dominican Republic and the Appeal of Cassation.
Sovereign bonds
go to Executive power the for its promulgation the Law that will manage the RD$363,257,860,888 to complement the General Budget of 2023, through the Ministry of Finance. In the session held on December 28, this project remained on the table, after three approval attempts.
Trust Project
This project was approved with modifications, with the support of 103 votes and 61 against, including those of the People’s Force. Prior to the session, the FP spokesman, Omar Fernández, announced that they would vote against it because they did not agree with the project. The Dominican Liberation Party (PLD) did not do the same, as they had planned.
The spokesman for the PLD bloc, Juan Julio Campos, stated that they would vote for the Trust, but proposing changes to the project. The arduous debates of this project divided the party benches.
However, the deputy Rafael Tobías Crespo stated that the FP agreed with the Trust Law, although he said that it is necessary to comply with the procedures. Meanwhile, the president of the special commission that studied the bill, Frank Paulino, said that public trusts guarantee that property ownership remains in the public and not privatized sectors.
The pro-government deputy José (Bertico Santana, from the Modern Revolutionary Party (PRM), specified that the Trust “strengthens the public investment instrument and will allow the State to have greater supervision of the trusts.”
