Dominican Senate approves US$2.6B bond to boost budget

Santo Domingo.- TheSenate on Wednesday approved in two consecutive roll calls the bill authorizingthe Executive Branch to issued RD$114.5 billion (US$2.6 billion) bond on publicdebt, to be managed by the Finance Ministry.

The funds derived from themoney markets would be used to finance the 2016 Budget of RD$663.6 billion.

The bill submitted September29 by the Executive was passed after the bicameral commission rendered its reporton 25 November and was placed on Wednesday´s agenda.

All of the 23 senatorspresent in the upper chamber voted to pass the legislation.