Deputies approve draft law for 2025 General State Budget

Santo Domingo.- The Chamber of Deputies declared urgent and approved the draft law for the 2025 General State Budget, totaling one billion 681,728 million pesos, in two consecutive readings. Submitted by the Executive Branch, the bill now proceeds to the Senate for review. The legislative process included modifications and a favorable report by the Bicameral Commission, which conducted extensive analysis of the proposal.

Deputy Francisco Paulino, chair of the Bicameral Commission, emphasized that the budget aligns expenditures and revenues, detailing the allocation for each item. He highlighted the government’s focus on reducing poverty through targeted investment spending and addressing the needs of the population’s most vulnerable segments. The initiative also seeks to promote sustainable economic growth by fostering a supportive environment for productive sectors.

The Executive Branch justified the budget as a step toward fiscal sustainability and administrative efficiency. It proposes a fiscal deficit of RD$242.869.9 million, equivalent to 3% of GDP, while maintaining efforts to reduce the public deficit. This budget marks the beginning of efforts to restructure and rationalize public administration, as announced in September 2024.