Economy September 26, 2019 | 12:14 pm

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Dominican Rep. to mull US$19.6B+ Budget of RD$1.0T milestone

Santo Domingo.- The full cabinet plans to meet this Thursday afternoon to discuss the amount of next year’s budget, and according to a source it would be 9.9 percent higher than the estimated for yearend 2019, which for the first time would exceed RD$1.0 trillion (US$19.6 billion).

The General Budget in effect is RD$921.8 billion, which includes a current expense of RD$643.9 billion and capital expenditure of RD$121.5 billion.

The amount projected by the tax authorities would represent 17.7% of GDP and includes a primary expense of RD$696.4 billion, or 14.7% of GDP.

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