Economy August 8, 2019 | 9:13 am

Public debt requires a tax reform, experts warn

Santo Domingo.- A group of economists headed by to Armando Barrios Ross on Wed. warned that in its first year the next Administration will have to enact a comprehensive tax reform to address public debt, otherwise it will become unmanageable.

“The pre and post electoral period will inevitably lead to the expansion of public spending for the next year by the State,” said Barrios Ross, dean of Economics and Business of the Technological Institute of Santo Domingo (Intec).

“When we get closer to the elections, governments invest more to leave a mark that they did a good job, but on the other hand to win the elections, it’s been that simple a recurring behavior in recent years,” the expert said, quoted by El Dia.