Economy March 7, 2019 | 11:31 am

EU allocates 14.8M euros to help the government’s budget

Gianluca Grippa, Donald Guerre, Antonio Vargas.

Santo Domingo.-  The Dominican Government and the European Union announced Wednesday the signing of a budget support agreement for 14.8 million euros, to be disbursed during the next three years.

The announcement was made during a meeting in the Finance Ministry, with Finance minister Donald Guerrero, EU delegation ambassador Gianluca Grippa, and European Development Funds national coordinator Antonio Vargas.

“The agreement aims to promote an efficient, transparent and results-oriented public administration, where the allocation of resources corresponds to national development priorities and thereby contribute to a more equitable distribution of income,” the Finance Ministry said in a statement.

It adds that the Dominican government “will achieve this goal by giving new impetus to the public finance management reform strategy led by the Ministry of Finance, within the framework of the 2030 National Development Strategy.”

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