Economy

Economy October 29, 2019 | 10:07 am

1Q slowdown strips the Govt. of US$112.3M in revenue

Santo Domingo.- The economic slowdown in the first quarter spurred a drop in tax collections of RD$5.9 billion (US$112.3 million) in relation to Government projection, which combined with higher total spending made it difficult to exert stricter control of the fiscal deficit. Budget Directorate figures from the 2020 Budget bill show that revenue in the first half of the period reached 97.6% of ... Read more

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