Santo Domingo.– The Secretary of Finance of the Fuerza del Pueblo, Daniel Toribio, questioned the Government’s decision to use all of the additional revenue obtained to increase public spending, following the approval of a tax reform he described as hasty.
Toribio pointed out that the supplementary budget recently approved by the National Congress includes an increase in revenue of RD$40.978 billion, an amount equivalent to the increase projected in expenditures.
Likewise, he indicated that the budgetary modification authorizes the use of RD$21.147 billion corresponding to cash availabilities accumulated during 2025, which would increase to more than RD$62 billion the additional resources that the Government will have during 2026.
“After asking the population for new sacrifices through a tax reform approved in haste, the Government had the obligation to manage those resources with prudence. However, it decided to increase spending and keep the deficit intact,” he/she expressed.
The political leader stated that the financial deficit remains at RD$280,575 million and considered that the Government missed the opportunity to reduce indebtedness, strengthen the fiscal position, or create reserves to face possible contingencies.
Toribio also demanded greater transparency regarding the destination of the additional funds, especially those allocated to the National Treasury Obligations Administration.
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“The country has the right to know who will receive every peso, what it will be used for, and what results it will generate. Collecting more does not mean having authorization to spend without explaining the priorities,” he/she maintained.
