Cabinet approves draft budget of more than 1.48 billion pesos for 2025

Santo Domingo.- The Council of Ministers, led by President Luis Abinader, approved the draft General Budget Law for 2025 on Thursday, which allocates over 1,484,235,000,000 pesos.

During the session, it was revealed that projected revenues will amount to 1,233,721,000,000 pesos, with a fiscal deficit of 3.1% of GDP.

Finance Minister José Manuel Vicente highlighted that the 2025 budget marks the first to incorporate the recently enacted Fiscal Responsibility Law. This law limits the growth of government spending to stabilize debt, aiming to reduce it to no more than 40% of GDP by 2025. He emphasized the bill’s focus on balancing public finances by capping spending growth.

The 2025 budget is expected to be about 4% higher than the 2024 budget, reflecting an increase of approximately 65,000 million pesos.