Puerto Plata in 2022, the province with the lowest public investment

Puerto Plata has seen less public investment in the last eight years, with just RD$679.1 million at the end of the second week of December, a negative interannual variation of 54% and an absolute difference of RD$778.6 million when compared to 2021, when it registered RD$1 billion, according to data from the Ministry of Economy, Planning, and Development (MEPyD). This year’s performance is even lower than in 2020, when it accumulated RD$804.4 million, due to a 15.5% decrease, resulting in a net interannual difference of RD$125.3 million. This was the province’s lowest public investment since 2015 when the government on duty only invested RD$883.9 million.

From 2014 to the end of the second week of December 2022, the state invested around RD$10 billion in this important tourist area, with 2018 being the best year with RD$3 billion, accounting for 27.5% of the total. Following that is 2021, with an amount of RD$1 billion for a 13.3% item. 2017 continues, after reporting around RD$1 billion for 10.9%.

In 2019, these investments totaled RD$1 billion, or 10.1% of the total. Meanwhile, the 2014 figure of RD$914.9 million and the 2016 figure of RD$883.9 million represented 8.4% and 8.1%, respectively. So far this year, the amount of public investment in Puerto Plata represents “only” 1.3% of the total, because the Government allocated RD$52,277.1 million to all provinces by the end of the second week of December 2022.