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Tuesday, January 10, 2006 

DR Official Announces Breaking Off

Santo Domingo, Jan 9 (Prensa Latina) A Dominican top official told the legislators about an "economic disaster " due to the breaking off with the IMF and other credit international institutions if the Budget Project 2006 is not approved.

In declarations broadcast by TV the director of the government Internal Taxes Juan Hernandez said the country would be damaged if the government has to use this year last year"s budget since it would break the IMF conditions.

If it happens so, he said, there would be new conditions of the IMF and other international financing entities to be fulfilled and the current economic agreement will be a waste of effort.

The legislators were not pleased with the results of the meeting between them and the governmental held last Thursday so they will meet again next Tuesday two days before the term of office deferral expires.

Spokesmen from the Dominican Revolutionary Parties, Christian Social Reformist and the Social Democratic Revolutionary opposition block reiterated they will not vote in favour of the budget while the government keeps the foreign exchange commission.

Dominican President Leonel Fernandez announced Sunday his decision of calling for the Parliament extraordinary session if the Budget Income Project and the Law of Public Expenditure 2006 is not approved before Thursday.

The controversial Budget Income Project and the Law of Public Expenditures 2006 that amounts 238 billion pesos (about 7 billion dollars) is examined by a bicameral commission since last December 22.


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