The General Directorate of Public Investment of the Ministry of Economy, Planning and Development reported that the financial execution of public investment projects (PIP) in 2022 reached RD$84,496.7 million, which reflects an increase of 65.9% compared to 2021.
In a note, the agency specified that, according to the Preliminary Report on the Execution of Public Investment Projects 2022, the execution of 2022 has been the highest in the last four years, exceeding the historical average executed from 2017 to 2022.
The publication underlines that, in relation to the programmed investment, for the first time since 2017, the execution was above it, exceeding it by 9%, which is equivalent to almost an additional RD$7.2 billion.
“By 2022, the executed investments stood at 1.4% as a proportion of GDP, showing a growth of 0.5 points of GDP compared to 2021,” the report points out.
Likewise, it indicates that the distribution of the total execution of projects among the executing institutions is headed by the Ministry of Public Works and Communications (MOPC) with an amount of RD$20,369.2 million (24.1% of the total execution), followed by the Ministry of Housing and Buildings (MIVED), with RD$13,500.2 million (16% of the total executed), and by the Office for the Reordering of Transportation (OPRET) with RD$7,878.8 million, equivalent to 9.3% of the total execution.