Economists assess economic performance

Economists Henri Hebrard and Luis Reyes, Adviser to the Ministry of economy and development, agree to the international context that lives the world Dominican Republic has done much better than other countries and this year growth will be completed in 4.5%, as they did anticipate the authorities.

Agreed, moreover, that for the next Government will be inescapable fiscal consolidation which takes into account a greater income, review of the quality of spending and debt investment.

However, noted that persistent reality grows without the population perceived, to participate in the "Proposal of the night" program, that made journalists Manuel Jimenez and Angel Barriuso by Telemicro channel 15, from 7: 00 to 8: 00 pm. According to Hebrard, Dominican Republic "has done much better than other countries that many of the world." We have seen how large economies such as those of United States and Europe u000athey have had great difficulties to overcome the crisis of the year 2008 and 2009 ". He said that in the latter half of the year the sectors which have had the best performance are which converge with the external economy, contrary to previous years when it was by domestic demand: zones, agricultural exports, mining, remittances and tourism.

"Those are sectors that if you can isolate them, wrong that either give you a growth during the quarter close to 10 percent, while the sectors more purely internal and industry, trade, services, Government, sector have close to 3 percent growth," said Hebrard.

For Kings, is very important to know the context in which it has handled the Dominican economy in recent years, taking into account that has persisted to the crisis in the zone euro.

Recalled that the country has 60% of its trade with United States and 17% with Europe, areas affected by the crisis, what "necessarily" u000a"I had to limit the possibilities for growth".

However, publications of ECLAC and The Economist, put the Dominican economy growth at 4.5 per cent, as had been the authorities.

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New Government must raise A reform
reform fiscal: to Hebrard is obvious that the State lacks sufficient income to deal with the payment of the debt and meet the rest of their obligations, so that a new tax reform will have to raise her any ruler to be elected next year.

Thinks the State is the makes it impossible to comply with a series of specific laws that assign specific percentages to sectors, and in addition pay the commitments of the debt.

Reyes argued that "fiscal policy will necessarily have to enter a process of consolidation, that is no more than reduce the deficits, increase the primary surplus, which is the amount of resources available to the payment" u000a"in the service of debt".

Was of the view that the Government is compelled to do so.

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