Magín Díaz forecasts 3.0% economic growth for 2025 despite being a complex year

The Minister of Finance, Magín Díaz, stated that, despite the economic challenges of this year, the Dominican Republic will maintain a growth similar to the average of Latin America, estimated at 2.4%.

Díaz explained that in recent months the national economy shows signs of recovery and could close 2025 with a growth close to 3.0%, thanks to the monetary and fiscal measures adopted by the Government and the Central Bank to boost productive activity.

“The year has been complex, but we are going to grow the same as Latin America,” the official pointed out, highlighting macroeconomic stability and confidence in the country’s economic policy.

It is recalled that the recently reformulated general state budget gave more priority to capital expenditure, with a 20% increase in public investment, in order to boost economic growth, without increasing total spending, complying with the fiscal rule and macroeconomic projections.

That increase is equivalent to 35,548.25 million pesos, that is, 0.4% of GDP.

While current spending will only increase by 2%.

In global terms, public spending was increased to about 70 billion pesos, which would raise the fiscal deficit from 3 to 3.4% of GDP.