Approved a loan for royalty in municipalities

The Chamber of Deputies approved the loan each year giving, through the Bank's reserves for the payment of the royalty Christmas employees of municipalities, as well as other institutions autonomous and decentralized. This time the loan is billion-pesos.

Initiative was declared emergency and approved in two consecutive reading, after the President of the Chamber, Abel Martinez, submitted the motion, which was welcomed unanimously backed by the blocks of parties Revolucionario Dominicano (PRD) and Christian Social reformer (PRSC).

After being welcomed in first and second reading by a vote of 107 votes in favour and 23 against.

Marino Collante, Chairman of the Finance Commission of the Chamber of Deputies, yielded a report fa-finance vorable and found it to be viable, after explaining that the money for the Paschal royalty would be discounted directly to municipalities by the Ministry of u000aHacienda.

As for the credit line for $210 million in the Banco de Reservas, exhibited Pierce from one year to five, and requested that the law was approved of urgency.

Martínez urged mayors to be saving every month so to end year granted without borrow the thirteenth salary. With regard to the loan of US$ 200 million with the Inter-American Bank of development (IDB), Collante said that it will be earmarked to support the programme of political reforms for sustainability and efficiency of the electricity sector.

Members also met the project which authorizes the Treasury placed through values of internal public debt securities, 18 thousand 363 million 385 thousand 917 pesos, which is covered in the budget

Also approved the termination of the contract loan, to complete the highway of Coral, for US$ 70 million with the Central American Bank for economic integration. In addition u000awas received the contract loan for US$ 30 million with the IDB to finance the programme of promotion of tourism of the Colonial City.

Also the loan was approved by 78 million 500 thousand euros, for the sanitation of the provinces of Montecristi, Azua, San Cristóbal, San José de Ocoa and Neyba.

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