Santo Domingo.- So far this year, the authorities have reported more spending than revenue, which explains the budget deficit. Therefore, it is necessary to adapt the budget execution method to the situation, with a double objective: to face the public finance deficit and to complete large-scale projects.
According to statistics, as of August 3 this year General Directorate of Budgetpicked up 644,825.5 million pesosand the total cost is 698.271,5for Total unbalanced assets of R$ 53.446 billion.debt interest achieved 149,466.9 million RD$.
To this end, the government has submitted to Congress a budget restructuring package that includes new lines of credit (loans) to enable the implementation of six priorities.
Investment spending on public projects will increase. For example, authorities have sought to speed up the construction of border fences and modern transportation systems, including the San Diego monorail and the subway extension to Los Alcarizos.
because the border fence is going to be taken 239.9 million Dollar In the international market; project leader Ministry of Defence.
As for the subway, a batch of wagons has arrived that will serve to expand the capacity of this means of transport, which is limited $178.4 million In agreement with the French Development Agency.
Likewise, the object of the loan contract is Central American Bank for Economic Integration (CABEI) Up to $600 million (or its equivalent in other currencies) to promote the National Plan for Connectivity and Transformation of the Road Infrastructure of the Dominican Republic (Plancovial).
Added a credit limit of up to $250 millionand also CABEI’s contribution to the country’s eco-housing program. He is in charge of this presidential palace.
others $70 million With the support of the Japan International Cooperation Agency (JICA), the signed funds will be used to improve agricultural financing to consolidate and strengthen food value chains.
Up to $35 million in additional funding from andean development companywill expand and consolidate Varela Este and the Salinity Aqueduct in Santo Domingo Norte, Responsible Chinese Academy of Agricultural Sciences.