35,000 million peso addition to 2024 state budget approved

Santo Domingo.- The Chamber of Deputies approved a bill on Thursday, in its second reading, that adds over 35,000 million pesos to the general state budget for 2024. The bill, proposed by the executive branch, modifies the existing law on the general state budget for the 2024 fiscal year, according to the chamber.

The initiative received support from deputies of the ruling Modern Revolutionary Party (PRM), while the opposition did not support it. The bill proposes an increase in income amounting to 35,360,004,423 Dominican pesos.

A portion of the additional funds will be sourced from the Ministry of Housing, the Electricity Distribution Companies (EDES), and the pension system.

The Senate submitted the text last week, and it was already approved in the first reading by the Chamber of Deputies on Tuesday.