Government executes 60% of its current spending

According to data from Budget Execution during January and the first 12 days of this August the Government spent 60.8% of the resources contemplated initially as expenses for the course of 2022.

As an expense, the General Directorate of the Budget (Digegres) indicates an initial amount of RD$905,574.3 millionof which it executed RD$551,387.0 million as of the 12th of this month.

In contrast, capital expenditures exhibit a different behavior.As of the 12th of the current month, what was executed was 42% of the budgeted amount initially as a capital expense and that was RD$140,706.4 million, but only RD$59,151.4 million ended up being spent in the reference period.

The financial results in almost the first eight months of this year it throws a negative balance of more than RD$26,000 milliongoing from a financial programming of RD$174,794.8 million to RD$190,045.7 million.

In so far this year, the Government has had to overcome the global crisiswhose fundamental impact has been felt in the price of raw materials such as oil and inputs for industrial and agricultural production, in addition to the weight that the fluctuation of fuel derivatives has created in the electrical system.

Recently, the General Director of Budget, José Rijo Presbotexplained that the Government has allocated millions of resources to subsidiesfundamentally to combat the effect of the pandemic on poor households, with vaccines and with the contribution of almost RD$30,000 million to fuel.

This transfer will be the one that will contribute to an increase in budget deficit from RD$174,000 million to RD$220,000 million, for which it is estimated that it could reach 3.6% of the gross domestic product (GDP).

The lines to which it has been given priority They are health, education, subsidies that go to social protection and support for agriculture, among other measures.

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In terms of current expenses, the highest remuneration goes to the Ministries of Education, Defense and the Interior and Police.

A budget execution report during the first half of this year details public investments in a stratified manner by area. Indicates that In the first six months of this year, RD$19,091.3 million were executed in public investment projects.

Of these, RD$7,191.1 million (37.7%) were in the Ozama or Metropolitan region, RD$2,384.4 million (12.5%) in Cibao Norte, RD$1,498.2 million (7.8%) in Higuamo, RD$1,344.6 million (7.0%) in the Northwest Cibao region.

In addition, RD$1,187.1 million (6.2%) in the Cibao Nordeste region, RD$1,076.7 million (5.6%) in Valdesia, RD$1,022.0 million (5.4%) in Enriquillo, RD$880.0 million (4.6%) in Yuma, RD$499.3 million ( 2.6%) in the El Valle region, and RD$216.9 million (1.1%) in Cibao Sur.

The Dominican Republic was the second country that allocated the most public spending to combat the coronavirus. The subsidies to mitigate the effects of the pandemic cost us RD$213.292 million allocated to social assistance programs and other items of interest”, Rijo Presbot recently highlighted.

The programs and lines to which these resources were allocated were Superate, FASE, National Vaccination Plan, police and military incentives, PA’TI, productive sectors, medicines to supply the People’s Pharmacies and support for private sector companies, said the Digepres director.

The government of President Luis Abinader resorts to the subsidies as a mechanism to alleviate the effects of the crisis product of the pandemic and after the war between Russia and Ukraine, said the head of the Digepres during a conversation on “Government budget management in times of crisis”, with journalists.

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