Fernandez said there will be no tax reform

President Leonel Fernandez said yesterday that there will be no tax reform as it has been commenting on the past few days.

The President responded to a question from journalists in this regard as he left a meeting with the mayors of Dominican Liberation Party (PLD) at the club of the Superintendent of insurance.

"There will be no tax reform, tax reform won't happen," he merely respond Fernández to dispel rumors that emerged after statements offered in this regard by the Senator for San Cristóbal, Tommy Galán.

Gallant subsequently denied the version and said that the media misinterpreted his statements, in the sense that after next May's elections the Government abocaría to implement a new reform Prosecutor.

Palace meeting
the economic cabinet the Government described as very satisfactory behaviour of the Dominican economy in 2011, u000awhose growth domestic product (GDP) gross was 4.5%.

Determined that EPZs sector grew 20% in generation of foreign currencies with a contribution of $784.4 billion; tourism registered a growth of the added value of 5% and in terms of contribution of income with an increase of 3.5%, to $147.7 million approximately.

The Cabinet stressed that foreign investment reached US$ 2,371.5 billion, an increase compared to $746 million 2010.

Pass balance to 2011, the economic team with President Leonel Fernandez determined that the economy grew according to the projection made by ECLAC and above the average of the growth of the Latin American and world economy.

After the meeting that lasted three hours, the Governor of the Central Bank, Héctor Valdez offered details at the National Palace with the Ministers of finance, Daniel Toribio, and economy, planning and development, u000aThemistocles Montas.

"So that strengths have been in the external sector totally contrary to the forecasts made by some schools of economic thought of the country and economists that the theme of 2011 was end of the external sector by the crisis and financial turmoil in the world", highlighted Valdez Albizu.

Explained that remittances that some sectors had projected a decline, grew 7%, an increase of $205.8 million in terms of contributions to the balance of payments current account.

Share this article

Digg it!

del.icio.us

MySpace

Facebook

Fark

Reddit

Newsvine