Economy

Economy September 24, 2015 | 9:59 am

Dominican Republic drafts 2016 budget of US$14 B

Santo Domingo.- PresidentDanilo Medina on Wednesday headed a meeting with his Cabinet, which approved adraft of the Budget for RD$663.5 billion (US$14 billion) for fiscal year2015.

The draft states that 4% of GDP is for Education, which means RD$129,003,000, some 10,000 million pesosmore than this year.

Financeminister Simon Lizardo and Budget director Luis Reyes provided the detail... Read more

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