Dominican Gov´t Presents 2006 Budget
by Prensa Latina
Posted: Dec 22, 2005 12:11 UTC
SANTO DOMINGO (PL) - The Dominican Republic´s executive office has submitted to Congress Wednesday its 7.4 billion dollar 2006 national budget, with 30 percent of it alloted to pay the public debt.
The National Development Council, headed by President Leonel Fernandez, also agreed Tuesday night to postpone till July 1, 2006, the implementation of the US-Central America Free Trade Agreement.
Temistocles Montas, the presidential minister for Technical Affairs, explained the budget proposal assigned 1.1 billion dollars for general services and 2.8 billions for social programs, 37.9 billions to protect the environment and 2.25 billions to pay the public debt.
He added that education will receive 604 million dollars and public health, 739.4 millions.Regarding the Gross Domestic Product (GDP), Montas said that general services will cover 3.74 percent of it; social spending, 8.90; economic servicing, 4.52, and environmental protection, 0.12, while the public debt servicing will entail 6.11 percent, education, 2.15 and public health 1.63.
by Prensa Latina
Posted: Dec 22, 2005 12:11 UTC
SANTO DOMINGO (PL) - The Dominican Republic´s executive office has submitted to Congress Wednesday its 7.4 billion dollar 2006 national budget, with 30 percent of it alloted to pay the public debt.
The National Development Council, headed by President Leonel Fernandez, also agreed Tuesday night to postpone till July 1, 2006, the implementation of the US-Central America Free Trade Agreement.
Temistocles Montas, the presidential minister for Technical Affairs, explained the budget proposal assigned 1.1 billion dollars for general services and 2.8 billions for social programs, 37.9 billions to protect the environment and 2.25 billions to pay the public debt.
He added that education will receive 604 million dollars and public health, 739.4 millions.Regarding the Gross Domestic Product (GDP), Montas said that general services will cover 3.74 percent of it; social spending, 8.90; economic servicing, 4.52, and environmental protection, 0.12, while the public debt servicing will entail 6.11 percent, education, 2.15 and public health 1.63.
